[2016-09-25]Bitcoin Price Weekly Analysis – $605-10 Is Crucial For BTC/USD?

[BTCBinary]

Bitcoin Price Weekly Analysis – $605-10 Is Crucial For BTC/USD?

Bitcoin price after trading in a range versus the US Dollar above the $600 level for some time found sellers and moved down. There was a sharp downside reaction, taking the price towards $580 where somehow the bulls appeared. The price traded as low as $581 and currently correcting higher. It is now above the 38.2% Fib retracement level of the last drop from the $613 high to $581 low...

http://www.newsbtc.com/2016/09/25/bitcoin-price-weekly-analysis-605-10-crucial-btcusd/

[richardsNY]

There is not much difference compared to how the market was behaving weeks ago. We're still in the exact same waiting game. And to be honest, with no events that traders and people look forward to, I can't see much upwards potential in the coming weeks, maybe even months. If we manage to stay around current levels for months, then it can be seen as a fantastic achievement.