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BTC/USD: Continues to See Overhang
We initially tried to rally a bit during the trading session here on Wednesday, only to turn around and fall significantly. The $110,000 level is an area that has offered support over the last couple of days, and it does look like it's trying to do so again. However, if we break down below the $110,000 level, then the $108,000 level is probably going to be a support level. The 200 day EMA sits there as well. So, I think there's a lot going on that could offer support. But quite frankly, if we break down below the Friday candlestick of last week, October 10th, Bitcoin probably plunges to the $100,000 level and then ... (full story)
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