Bitcoin Price Watch; Trading The Downside Action

So we are drawing to a close on yet another day of bitcoin trading and, unfortunately, it’s not been a great one from a price perspective. We said this morning that we were looking for some degree of sustainable long-term recovery and that an extended period of consolidation would provide the floor we were looking for.
As it turns out, however, we haven’t got what we wanted.
This doesn’t mean it won’t come – we’ve seen this sort of action weigh on price before