Bitcoin initially rallied during the early hours of Thursday but has seen selling pressure yet again as the buyers simply cannot hang on to gains at this point. That being said, there is a certain amount of importance to be placed on the $100,000 level as it was previously supported and has been acting as such recently. If we were to break below the $98,000 level, this is a market that could really unravel. At that point, I think we would see the Bitcoin market drop down to the $80,000 level. Rallies to be Faded Rallies at this point in time more likely than not will continue to be faded as there's no real momentum. ... (full story)