Bitcoin looks as if it is struggling to hold itself above major support. Ultimately, this is a market that is ready to make a bigger move. Bitcoin plunged during the early hours on Friday as we continued to see a lot of negativities. All things being equal, this is a market that I think is on the precipice of making a bigger move and we are trying to sort out what happens next at a very crucial level. I have been looking at the $84,000 level closely as a potential floor in the market. The fact that the market is trying to form some type of bounce here as we are in the midst of forming a hammer, but it will be ... (full story)