Bitcoin Price Analysis: BTC/USD Short-Term Selloff Targets

Bitcoin broke below support at a short-term rising trend line, suggesting that a reversal from the uptrend is due. Applying the Fibonacci extension tool shows the next potential downside targets. The 38.2% level is around $6,200 while the 50% level is just above the $6,000 handle. Stronger selling pressure could take bitcoin down to the […]The post Bitcoin Price Analysis: BTC/USD Short-Term Selloff Targets appeared first on BitcoinerX.