Bitcoin initially did try to rally during the trading session on Friday, but it looks like the market continues to respect that level as a difficult barrier to break. Now we are plunging lower. This does make a certain amount of sense because there seems to be a lot of “risk off” behavior in equities. As you know, Bitcoin does what Wall Street decides it's going to do. Today it looks like Wall Street wants to sell anything that's closely related to risk appetite. When you look at the candlestick from the horrible Thursday session, I think you've got a situation where we will pull back. Now, I don't think that this is ... (full story)