Bitcoin Price Technical Analysis for 01/23/2018 – How Low Can It Go?
Bitcoin Price Key Highlights
Bitcoin price continues to trend lower and has barely found support after the previous retest of a broken short-term trend line.
Price is still inside its longer-term descending channel and looks ready for another move towards support.
*Applying the Fib extension tool on the latest correction shows that the 38.2% level is holding but that price could still head to the lower levels next.
Bitcoin price continued its slump and may be setting its sights on the lower Fib extension levels.