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Bitcoin price has continued to keep investors on the since Thursday. The breakdown is arguably the worst selloff experienced in the cryptocurrency market. From trading above $8,000 a couple of days ago to posting lows of $3,886. Volatility levels remain at peak while the path of least resistance is downwards.

Oher cryptocurrencies are suffering under the acute selling pressure as well with Ethereum having dipped under $100, Ripple is trading at $0.1190 and Bitcoin Cash at $148. The entire cryptocurrency market is in the red. At the same time, there is no hope for a bullish reversal in the short term.

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