31 May '15, 3pm

Bitcoin Price Continues Decline: Bitcoin price continued heading lower today and declined to an

Bitcoin Price Continues Decline: Bitcoin price continued heading lower today and declined to an

Bitcoin price continues decline in the face of popular sentiment that expects advance. Chart indicators, specifically MACD and RSI can still tolerate decline until reverse divergence occurs to the low near 7 May (see the magenta line in the chart above). Once this blatant technical buy signal flashes in the 4-hour chart, the market might rapidly advance price back above the 200-period moving average and the Fibonacci fan line as had happened on two previous occasions during April (one instance can be seen in the left of the chart).

Full article: https://www.cryptocoinsnews.com/bitcoin-price-continues-d...

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