Summery : Bitcoin continued to fall in the early hours of Friday on fresh FUD related to recent Binance news. However, the small drop in price comes on the heals of several days of encouraging gains in price and a necessary period of price consolidation before testing any kind of real trend reversal to the upside. As long as declining price volume continues to drop and stays within the consolidation zone we still are looking at a potential trend reversal to the upside.
Key Poins:
- We continue to maintain price levels within consolidation zone.
- Volume continues to decline indicating short term sell off is weakening.