Negative news continues to plague Bitcoin. The recent court ruling allowing the sale of Silk Road Bitcoins is exacerbating downward pressure on the market.The current bearish sentiment doesn't present opportunities for a Bitcoin upswing.
The $92,000 level is currently critical. A breach below this level would likely prolong the downturn. Resistance levels for Bitcoin are currently at $96,800 and $102,600. Support levels are at $92,000 and $90,000.
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