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Bitcoin Hits A Wall At $100k... For Now
Bitcoin prices remain softer this week with the futures market down from the fresh record highs printed last week. BTC surged to highs of just above the $100k mark before selling kicked in to take price down to current levels around mid 96s. With many linking the current decline to profit taking automated selling as BTC tests $100k for the first time, the outlook remains bullish for now and price continues to hold just below the level. The near-term risk is that failure at the $100k mark forms a double top formation, suggesting room for a correction lower. Indeed, recent price action can also be viewed as a sloping ... (full story)
