Bitcoin (BTC) has failed three times in seven days to find acceptance above $8,300, raising the risk of a notable short-term correction. The cryptocurrency market leader jumped nearly 13 percent to a high of $8,300 on Sunday, reviving the case for a rally to $8,500 (July 2018 high), as discussed yesterday. So far, however, the follow-through has been bearish. BTC is currently flatlined above $7,900 on Bitstamp, having hit lows below $7,600 in the early U.S. trading hours yesterday. Notably, the pullback seen in the last 36 hours marks BTC’s third failure in the last seven days to capitalize on a rally to $8,300. ... (full story)