28 Jun '16, 5pm

Bitcoin Price Squeeze Into Decision-Time

Bitcoin price remains below the 1-day chart’s 20MA, and speculators should consider keeping funds allocation at 40:60 BTC vs fiat until we see a confirmation of a return to uptrend. The 1-day MA is currently approaching $674 (Bitstamp) and reinforces the upside resistance at $680 discussed above. In case of continuing decline sellers will encounter strong resistance at $560 – the recent corrective low. Let’s hope this is the bottom of a consolidation area prior to advance.

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

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