Bitcoin Dark (BTCD) Price Analysis: Increases over 400% in the last 24 hours
December 22, 2018 11:55 AM Discuss Cryptocurrency News & Your Guide to the Blockchain Economy From yesterday when the price of Bitcoin Dark was around $20 til the highest candle close at $100.85 the price increased by 401.15%. As you can see the price spiked even higher to above $110 but has retraced quickly leaving 3 big wicks that indicate heavy selling activity. In today's analysis, we are going to examine the price action formation that lead up to this increase and determine what is likely going to happen next for this cryptocurrency that was abandoned by its dev team. Looking at the BTCD/USD daily chart we can see that the price spiked all the way to the 0.786 Fibonacci retracement level measured from the last lower high to the last lower low of this third intermediate correction that I have labeled as a WXY for now.
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