Bitcoin Price Watch; Dissecting the Overnight DeclineYesterday evening, we noted that action in the bitcoin price had been relatively flat across the last few days, and that the consolidation may mean we were setting up for a big move. As things turned out, we got just that – though not to the upside as our fundamental bias suggested we might. Instead, we got a sharp downside shift, one that brought the bitcoin price to carve out fresh lows, and give back the majority of the gains it has made across the last seven days. Whether this downside momentum will continue remains to be seen – the end of the week has traditionally been relatively quiet...
continue to read
