Bitcoin is finding near-term support at it's 100 day price moving average after crashing over 25% in the past day. Fear and uncertainty has grasped the markets this week following ICO bans in China and bearish outlook from financial leaders.
BTC broke support at $4,000 and has fallen nearly $800 on aggressive selling this past week. Further bearish sentiment looms however in the broader crypto markets. Bitcoin prices may fall further to re-test its longer-term key support price of $3,000, which also corresponds with a 61.8% Fibonacci retracement off the September 2nd all-time highs of $4,980.
@snapcharts