Actually -4.6% on Coinbase
The price of bitcoin is down another $225 on the day at $4558.04 currently. That represents a 4.6% decline on the day. The good news is the price is off the low at $4218.27. So there is a little ray of hope in has been a rough 14 trading days.
Technically, on the daily chart, the price has moved below a trend line at $4583. With the price currently just below that level at $4558, the sellers remain in control.
In contrast, a move above (with more momentum) is the minimum for the bulls IF they are to start to take back some control from the sellers.
The price of the digital currency traded as high as $6540 on November 7th. At the current price, that represents a 30% decline in 14 trading days.
Ouch.
So watch $4583 now for a glimmer of bullish hope. Failure to climb above that level (and stay above), would keep the sellers firmly in control.
