Bitcoin Price Dives as War Escalation Sparks Market Sell-Off
Bitcoin price started a fresh decline below the $103,000 zone. BTC is now consolidating and might struggle to recover above the $103,500 resistance. Bitcoin started a fresh decline below the $103,000 zone. The price is trading below $102,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $101,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $100,000 zone. Bitcoin Price Dips Further Bitcoin price started a fresh decline below the $105,500 zone. BTC gained....
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If you were asleep last night - and let's be honest, most of the population was - you probably missed what happened to the price of Bitcoin. It dived. The price per coin reached a low of $175USD at about 4AM Eastern Time at Mt. Gox, rebounding to a high of $211USD in the past three hours. What a ride! Some saw the opportunity to scoop up extra coin during the dip, but it doesn't appear as if this event caused a panic sell by any stretch, given the aforementioned rebound. It is likely that those who took advantage of the dip were those in China, bringing that price right back up. It's not....
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