Bitcoin Price Shits the Bed a Wee Bit, Testing Support at $8500.

Seems we've got a bit of downwards price action on Bitcoin today, with a nasty red candle appearing over the past hour or so likely due to a massive sell off of coins by some unknown party. While some might consider this a small price movement as far as BTC goes the amount the price has dropped here in the past bit are indicative that we're testing the support of price around $8500 USD.. If the price drops below that you may see it fall as low as $7000 USD. However if it bounces back up and the market decides to pump we could see $10000 USD per a bitcoin or higher prices in the next few days.

This post isn't meant as financial or investment advice. Merely a little blurb about the BTC price movement and a small amount of analysis done by a person who has no business doing analysis of markets of any sort. Going off of basic Fibonacci layouts on the charts... Meaning that accuracy of ny information in this post may be questionable.