Just a quick weekend update for Bitcoin price following the break-down of the triangle we had pointed out two days ago, along with the significant key-support area of the 200-days moving average line. Two days ago, I warned here that Bitcoin is at short-term risk. As can be seen, Bitcoin didn’t hold support for the fifth time, and violently broke down. This resulted in a 48-hours $800 drop. On the following charts, you can see the moment BTC broke down roughly at $9150, followed by substantial red candles, quickly down to $8660. As can be seen on the daily chart, this target is not a coincidence. The support area, ... (full story)