BTC/USD Forecast: Overextension is an Issue

From dailyforex.com

I don't have any interest in shorting Bitcoin, but I do recognize when a market is overbought, you probably need to do something to mitigate some of your risk. So I think a certain amount of profit taking makes sense. And I think that profit taking is probably going to start happening somewhere in this general vicinity. On a pullback, I would look at the $100,000 level as a potential support level. But even if we break down below there, I don't think it changes much. It just opens up the possibility of possibly buying Bitcoin at the $95,000 level. This is a market that of course led Wall Street to the downside and ... (full story)