Bitcoin Reaches a “Bounce or Die” Level as Bulls Lose Their Footing

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/2zM-0TvlHtI/

Crypto New Media Press

After a day-long period of consolidation within the lower-$6,000 region, bulls have once again lost their footing, with bears catalyzing a break below the support that had been established at $6,000. This has led analysts to note that Bitcoin is fast approaching a “bounce or die” level that buyers must defend, or else the benchmark […]

The post Bitcoin Reaches a “Bounce or Die” Level as Bulls Lose Their Footing appeared first on Crypto New Media.

Leave a Comment