Analysis of bitcoin price
On the evening of the 25th of January, the bitcoin price had come back to the level of the week’s beginning. Just before this article was released, the price level of 2500 CNY and $380 ($375 in exchange tables) was tested at the market.
Without responding to such expectation, we might see a reversal here – a return to a temporary progression and later coming back to the same level, set as a new support level at about $380 and 2500 CNY.
The changes in price remind of a similar return which took place in the middle of April 2015. That time it was accompanied by some sideways consolidation.
In case this increase continues for the medium-term, we will probably see respective changes at the end of week
http://www.financemagnates.com/cryptocurrency/bloggers/where-is-the-price-of-bitcoin-headed/
