Bitcoin recently busted through its long-term descending trend line visible on the daily time frame to signal that a reversal from the downtrend is due. The price retreated upon reaching the $8,450 area and is in the middle of a correction. Applying the Fibonacci retracement tool on the latest swing low and high shows that […]The post Bitcoin Price Analysis: BTC/USD Larger Correction Taking Place appeared first on BitcoinerX.
