31 Aug '14, 12pm

Bitcoin Analysis: Week of Aug 31 (Intro to Time) - #Bitcoin #analytics

Bitcoin Analysis: Week of Aug 31 (Intro to Time) - #Bitcoin #analytics

The price has been very stable which is not something said often in the Bitcoin community. We are pretty much in same position as a week ago. The price dropped a bit below US$500 but rebounded fairly quickly so nothing happened for us to be concerned about. We continue to refer to this level as short term support and would consider it broken if we get a low that is lower then last weeks low of US$485, and this new low isn’t immediately reversed back over US$500. Time to take a look at the long-term chart as always and make a few comments.

Full article: http://cointelegraph.com/news/112400/bitcoin-analysis-wee...

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