Bitcoin looks ready to resume its drop after a shallow correction to its mid-channel area of interest. Applying the Fibonacci extension tool shows the next potential downside targets. The 38.2% level lines up with the swing low around $6,350 while the 50% extension is closer to the channel support at $5,877. Stronger selling pressure could […]The post Bitcoin Price Analysis: BTC/USD Countertrend Bullish Bounce? appeared first on BitcoinerX.