Bitcoin’s disappointing action continues in the market as US dollar extends its rally against other leading currencies. Having failed at protecting $236, Bitcoin now trades under tremendous pressure, caving under which may lead to a further loss in value.
Bitcoin has slid 0.33% to $235.19 since yesterday. Technically, the virtual currency looks weak and provides us with a shorting opportunity. For the analysis purpose, the 240-minute BTC/USD price chart has been considered.
Bitcoin Chart Structure […]
