Bitcoin (BTC) is in a no trade zone as far as traders are concerned. The number of bulls is low compared to that of bears and confused investors. The above daily chart for BTC/USD shows that Bitcoin (BTC) is reluctant to test the 61.8% Fib retracement level from the previous high. Even if it does test that level, confusion will continue to loom over as long as Bitcoin (BTC) stays below $ 10,000. Bitcoin (BTC)’s trading volume is on a constant decline.
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