-
Bitcoin Price Near to Critical Support at $7,120; Must Hold to Avoid a New Bear Market
This week isn't looking good for Bitcoin (BTC) as the price continues to decline after reaching a high of $8,540 on Oct. 1 down to $7,870 on Oct. 6. This continued decline was anticipated in last week's analysis, with fingers pointing to China's week-long Golden Week as a possible catalyst for the reduced trading volume. However with the Chinese set to return to their desks next week, will they be buying the dip, or sitting on the sidelines for the new support being flagged across the charts? Using the 1 day Bitcoin chart, last week's trading range was expected to be between $7,600 and $9,500 as per the dynamic ... (full story)
