The cryptocurrency fell as low as $92,728 but the 92K figure has been a key area of support recently and it found strong buyers, rebounding to $94,500.
The problem for bitcoin is that it can't seem to break decisively away from $92K and above $100K. Earlier this week that looked to be happening with a rise to $103K but that's been dashed. We've now tested the 92K level on six separate occasions since first breaking above $100,000.
I think the market is holding its breathe for Trump, tariffs and a potential trade war. If that unfolds, I suspect bitcoin wil be dragged down with risk assets rather than acting as a safe haven in what will be a messy currency situation.
This article was written by Adam Button at www.forexlive.com. Read More Details
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