Bitcoin Trading: Price Analysis For 4/15

[waawd_1]

http://themerkle.com/speculation/bitcoin-trading-price-analysis-for-415/

Back again on a Wednesday, and bitcoin is still looking weak. Eight out of the last ten days, price has seen heavy selling, and one must ask how much longer can it last until we see a retracement?

[farting_shot]

ummmmm, how about "never"?

[BlackSpidy]

I'd say sometime late this year. Maybe next year, I think we'll stay between $200 and $400 for this year.

[Fabrizio89]

yeah pretty much

[flyingplows]

There seems to be some uncertainty among the investors because everybody wonders if there is going to be another dive to ~150$-160$ or not. If not, then we have a stable reasonable price I would think. And for the moon BTC itself will have to change a bit to become more convenient imho.

[8up]

The staircasing down to $220 could be a sign, that bears are not trying to rush prices down anymore (like they did before), but look carefully for the next supportlevel. It shows, that uncertainty is carving its ways slowly, but steadily into bear minds.

Edit: We have seen the same pattern since the $152 low, just upwards (bulls were the frightened ones). If both parties are uncertain atm, one could come to the conclusion, that we are in a transition phase, between two major long-term trends.