The price of Bitcoin (BTC) fell off a cliff early Sunday morning — but don’t say we didn’t warn you. (Twice.) Now, is the best play to do nothing? Daily Chart Bitcoin tanked almost instantly from above $4100 to the 50-day exponential moving average (EMA), where it immediately found support. This has provoked some savvy traders to take out a long position, but such a bold gamble is not without risk. Taking a long positionRead MoreThe post Bitcoin (BTC) Price Analysis: Sometimes, It’s Best to Do Nothing appeared first on Bitcoinist.com.
