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BTC/USD: Drops Significantly
Bitcoin fell significantly during the trading session on Thursday as we continue to see some risk appetite get hit. Furthermore, it’s probably worth noting that the US GDP numbers were much hotter than anticipated, so a lot of traders will be looking at this as a scenario where risk appetite starts to shrink because loose monetary policy may not be coming as aggressively as people had hoped for. The technical analysis for this market is a bit flat recently, but we are starting to reach a significant support level, and perhaps more importantly, the 200 Day EMA which is near the $106,000 level. If we were to break ... (full story)
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