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Bitcoin sideways so far today after slide yesterday
As covered here yesterday afternoon, Bitcoin did finally reach and just surpass an important Fibonacci correction level, at 48,552, The lead coin did extend past that level, to trade at 49,021. However, it was not able to hold the move and subsequently fell back sharply into the 4pm London FX fix. Prior to that it did seem like BTC had ignored the firmer dollar, but the slide that followed showed that eventually it did seem to have an impact. Bitcoin fell back to 45,613 after the European close, but it has steadied since. The price action so far today has been pretty sideways, inside a range covered by 45,876 to 46,509. The enthusiasm that met the price action since Wednesday has certainly suffered a setback and now it remains to be seen, if that setback has further to run or not. Bitcoin is currently trading at 46,145
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