Quote from: Chandler32 on February 11, 2018, 12:59:44 PM

Quote from: BitcoinHodler on February 11, 2018, 12:57:24 PM

Quote from: Best80 on February 11, 2018, 12:03:22 PM

Despite Good news coming from bitcon this days, the fall still continue..... Can one help identify the reason for the fall?

nobody can help you identify the reason because there was no "fall" as you said to have a reason.
price is currently at $8300 according to Bitsamp and the changes in the past 72 hours (3 days) are less than 7%. you can not call this "continuation of the fall"!!!

It may continue to fall if it fails to break above $10k soon. It failed to break $9k so this is a bad sign for the bulls.

I tend to agree with BitcoinHodler here - I'm no TA expert but, as far as I can tell, there aren't that many red flags at the moment: sure, we're not going through these levels at the same (rocket propelled) speed we were going back in November / December; on the other hand, we seem to be forming consistent higher lows and higher highs on higher volume than before the $6k bottom (quite bullish, I think).

I would start getting concerned if we break the higher high / higher low pattern we're currently in though (anything above $7725 is still a higher low, and anything reaching above $9075 will be a higher high (Bitfinex prices)).