Most technical analysts calling for 6000 ish retreat.
It is a shame because we had a good rally almost till 12k recently but after that Mt gox sell off again ( in my view had a real impact ) which send us down with possibly fake news help from big players and now we go down.
I believe the whole market is in trouble and we wont see a significant positive trend in a month or so . We need fresh money in the market, ETFs could be the answer.
Topic: [2018-03-14] Bull Weakness Leaves Bitcoin Facing Further Sell-Off (Read 128 times)
March 14, 2018, 06:13:42 AM
Following the bulls' failure to capitalize on bitcoin's recent price recovery, the cryptocurrency could be in for another sharp sell-off, the technical charts indicate.
The cryptocurrency found a temporary low of $8,371 on March 9 and jumped above $9,000 in a convincing manner on March 11, according to CoinDesk's Bitcoin Price Index (BPI).
However, the corrective rally seems to have stalled over the past few days.
The cryptocurrency has spent a better part of the last 48 hours moving in a sideways manner in the narrow range of $8,800-$9,400. As of writing, the BPI is seen at $9,095 - down 0.5 percent for the session.
https://www.coindesk.com/bull-weakness-leaves-bitcoin-facing-further-sell-off/
The cryptocurrency found a temporary low of $8,371 on March 9 and jumped above $9,000 in a convincing manner on March 11, according to CoinDesk's Bitcoin Price Index (BPI).
However, the corrective rally seems to have stalled over the past few days.
The cryptocurrency has spent a better part of the last 48 hours moving in a sideways manner in the narrow range of $8,800-$9,400. As of writing, the BPI is seen at $9,095 - down 0.5 percent for the session.
https://www.coindesk.com/bull-weakness-leaves-bitcoin-facing-further-sell-off/
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