Bitcoin hit a three-week low over the weekend and may be looking at a deeper sell-off below $8,200, price chart analysis indicates.
Bitcoin has dropped to three-week lows and may take a further hit over the weekend, the technical charts indicate.
Despite a brief rally yesterday, bitcoin risks falling back below $9,000 amid bearish short-term moving averages.
Venture capitalist Chamath Palihapitiya says billionaire Warren Buffett is wrong about bitcoin, though he calls himself Buffett's "disciple."
Having hit seven-day lows below $9,000 this morning, bitcoin is looking decidedly weak.
Bitcoin risks falling to levels below $9,000, courtesy of the bearish setup on the technical charts.
Researchers from the U.S. Federal Reserve Bank believe that the launch of bitcoin futures played a role in bitcoin's recent price slump.
Bitcoin is reporting losses today but only a break below $8,650 would signal a bull-to-bear trend change.
Following a bull breakout last night, bitcoin (BTC) looks set to test $10,000 and could possibly move higher over the weekend.
Cai Wensheng, a Chinese angel investor, says he bought 10,000 BTC after the price dropped earlier this year.