30 Apr '16, 5pm

Bitcoin Price Support and Resistance

Bitcoin Price Support and Resistance

There is, however, a precedent in the bitcoin (and many other) price charts that typically sees price fall back toward lower support after repeated failed attempts on a particular resistance level. A decline to $300 – if price goes that low – should be fairly quick and it could potentially cause a strong bounce from support, thereby launching price into the rally the market wants. This would be the best outcome, and the reason why I have been biased to the downside.

Full article: https://www.cryptocoinsnews.com/85175-2/

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