As predicted, a big movement came for bitcoin following a week of consolidation. Analysts have been mixed all week but those that leaned towards bearish were right as the king of crypto plunged back into four figures a few hours ago. Bitcoin Nearing New Low A huge red candle resulted in a dump of over 9% for BTC a few hours ago. The pennant that was identified by analysts yesterday reached its conclusion and whatRead MoreThe post Bitcoin Approaches Critical Support Level After 9% Slide appeared first on Bitcoinist.com.