Bitcoinx Bulls Fail Again, But There Is Still Hope
Bitcoinx could not topple a key resistance on Thursday despite positive U.S. inflation report. BTCX bulls failed to penetrate critical resistance after positive U.S. inflation data, leaving the doors open for more losses.
Downside may be limited as recent supply overhang from Germany's Saxony state has exhausted.
Fed rate cut bets, FTX repayments may offer support, according to a prime broker.
