Industry news:
The infamous PlusToken Ponzi scam that resulted in investors losing over $3 billion in cryptocurrencies like Bitcoin [BTC] and Ethereum [ETC] has reared its ugly head again. After a short hiatus, the scam artists have re-surfaced and moved $117 million in Bitcoin, within their addresses.
Technical analysis:
BTC has been trading sideways at the price of $9.800. Another stronger rejection of the Pitchfork median line was the key for the recent downside movement together with the lack of demand around $10.000
Watch for selling opportunities if you see the breakout of $9.685 with targets at $9.060 and $8.220.
MACD oscillator is showing decreasing on the buying power, which adds confirmation for further downside.
Major resistance is set at the price of $10.185
Support levels are seen at the price of $9.060 and $8.220.