Bitcoin has suffered a momentary lapse in its pursuit for a $10,000 valuation after a panicked sell-off to $9,200 yesterday evening. The move to the downside was as a result of 50BTC being moved from a wallet that has seemingly been dormant since 2009, stoking fears over whether Satoshi Nakamoto had begun to access his stash of Bitcoin. From a technical perspective Bitcoin did well to recover and continue trading above the $9,300 level of support, with a break down in price being prevented in the short term. However, as Bitcoin continues to consolidate around the current level of support it won't take a lot of bearish pressure to push it back down to $8,830. Corrections are undeniably expected especially
from Yahoo Finance https://ift.tt/2LKwQU1
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