Prices seem like breaking below the long term supporting trendline and likely to fall into the indicated zone before they continue with the uptrend .Bictoin prices fell by £761.21 ($1,000) in just over 48 hours after strong performance at the start of the week.On Wednesday, the popular digital currency flared to an unprecedented price of more than £5,937.43 ($7,800) in the wake of the cancelled Segwit2x update.
The plummeting price comes on top of a hard fork that took place a few weeks ago, and will now come into effect with a new token known as bitcoin gold (BTG).BTG aims to keep most properties of the bitcoin protocol, but will disallow the use of specialised chipsets in the mining process.