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BTC/USD: Technical Weakness Deepens
Bitcoin continues to show just how weak it is during the Monday session as we initially tried to rally but then gave back gains to rapidly form a bit of an inverted hammer. As I look at the Bitcoin chart, I'm paying close attention to the $92,500 level because I think that might be the beginning of the end for Bitcoin if we slice through it. It's worth noting that we are well below the $100,000 level, which is a large, round, psychologically significant figure, but more importantly, an area that attracts a lot of headlines. Sub 100 K We have been below it for four days now, and it doesn't look like it's coming back ... (full story)
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