BTCUSD is consolidating after a sharp fall in past three days (down over 6%), mainly driven by strong institutional selling. The price edged higher after hitting six-week low today, although the upside remains limited and warning of persisting downside pressure. The latest fall broke through key supports at 111370 (50% of 98182/124558 rally / 100DMA), […]The post BTCUSD: Holding Below Daily Cloud Base to Keep Bears in Play for Further Weakness appeared first on Action Forex.