Bitcoin traders sold off the crypto currency during the session on Thursday, slicing through the $10,000 level, and of course the 61.8% Fibonacci retracement level. We even went as low as $9000 during the trading session, and on the short-term charts volume was rather strong. Depending on which exchange you are trading on, you have seen a wildly different market. We are hanging on by a thread at this point, and although it would not surprise me to see a bounce, if the jobs number in the pushing the USD higher, that could be yet another reason for this market to fall apart and go looking towards $6500. At this point, selling rallies will be the best way to trade this market, and as far as buying is concerned, we need to do a lot of work to stabilize the marketplace.
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