Over the last 7 days Bitcoin price has plunged from highs of $13,200 to the current market price at $9,300. This drop has resulted in a clear descending channel forming on intra-minute timeframes. Current market price sits at visible range lows, so the question remains as to whether bears have enough control of the market to break the strong support around $9,000? Bitcoin Price Analysis 30 Minute Chart On the 30 Minute chart for BTCRead MoreThe post Bitcoin Price Analysis: BTC Bears Eye $8.8K Target appeared first on Bitcoinist.com.
