Bitcoin Price Technical Analysis for 01/23/2018 – How Low Can It Go?

Bitcoin Price Key HighlightsBitcoin price continues to trend lower and has barely found support after the previous retest of a broken short-term trend line.
Price is still inside its longer-term descending channel and looks ready for another move towards support.
Applying the Fib extension tool on the latest correction shows that the 38.2% level is holding but that price could still head to the lower levels next.Bitcoin price continued its slump and may be setting its sights on the lower Fib ext