Bitcoin Price Decline Building Momentum
Bitcoin price corrected over-night. At the time of writing decline has resumed and Gavin Andresen better call a truce in his personal stand-off with the Core developers or risk splitting off a Classic(TM) altcoin. No too much to comment on: a new low and progress toward the 4hr 200MA target. Still buying seems relentless – large buy orders are being placed (and executed) in the orderbook. Is it profit taking or are there really buyers in a market? Terse analysis for a clear fundamental breach: mess with Bitcoin’s fundamentals, and behold the holders sell. Bitcoin price decline continues.....
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