26 Jul '14, 10am

analysis

analysis

Bitcoin price decline is on the cards again and, with it, the question: “Where will it end?” A week ago, the market-wide sense had been that a consolidation similar to late-May’s pre-launch contraction was developing – only to shatter at the last moment. The analysis below (Bitstamp charts throughout) outlines target levels to the downside and considers a wave pattern analysis as pointer to where the market might be heading. Bitcoin Price Debrief Last week’s analysis identified a juncture that would determine the immediate trend and whereby we could get confirmation of what stage the Bitcoin price was in, according to its present wave structure. Last week’s chart is posted below and shows the critical juncture circled in magenta. Earn Bitcoin Points by Registering a user on CCN! The crossroads formed by the purple declining channel (projected from the Nov 2013 all-time-hig...

Full article: http://www.cryptocoinsnews.com/news/bitcoin-price-analysi...

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