That didn't take long. Bitcoin takes another run lower

Tests lower extreme target


It wasn't long ago that I wrote about the bearish move in Bitcoin and the targets at the 50% and the 61.8%. The 61.8% was also near the low of the range since December 18th.  

Well, the digital currency just took another run lower and in the process made it to the $3500-$3600 lower extreme.  

Sellers remain in control, but the $3500-$3600 area remains a level to get and stay below for the bears to escape the up and recent range.  

The price has bounced modestly off the $3560 low and trades at $3592.

The move from the high to the low today is a -11.77% decline.  

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