Bitcoin keeps marching to the downside and briefly dipped below the $8,000 level. While this doesn’t represent a technical support level, it does affect psychology and could lead to more selling pressure. Following the price spike at the end of October, which represented the 4th best gain in Bitcoin’s history, trading volume in futures contracts has slumped to a fresh 2019 low. After the BTC/USD completed a breakdown sequence below its re-drawn Fibonacci Retracement Fan sequence, traders should be prepared for more downside as the current bearish trend has more fuel left in the tank. The Force Index, a ... (full story)