Bitcoin is trending lower inside its descending channel on the daily time frame, currently testing the resistance at the $8,850 mark. If this is enough to keep gains in check, price could resume the slide to the downside targets marked by the Fibonacci extension tool. The 100 SMA is still below the 200 SMA to […]The post Bitcoin Price Analysis: BTC/USD Setting Sights Back Down? appeared first on BitcoinerX.
