Bitcoin (BTC) is on track to repeat the lows from a few weeks ago, as this week saw prices unravel from the $8,800 level down to as low as $7,530 on Friday. BTC has almost completely erased the late October rally, and now faces a bearish short term outlook, with a slim chance of an unexpected breakout.
BTC traded at $7,595.82 as of 8:36 UTC on Friday, after falling on Thursday as US markets opened. Trading accelerated to above $25 billion’s equivalent in the past day. Of those volumes, 77% are against Tether (USDT).
BTC sees yet another battle between bulls and bears, as it swung lower to $7,480, from a tem...