[2016-01-01] Bitcoin Technical Analysis for 01/01/2016 – Major Battle at $433

[Scream]

Bitcoin appreciated tremendously during the last few months of 2015, but the trend is beginning to shift. The 4-hour chart is clearly showing that the market started to print lower-highs, and also lower-lows, towards the end of December. The trading channel is now starting to curve lower and this kind of price action is very suggestive of an impending bear market.

http://themerkle.com/coins/bitcoin-technical-analysis-for-01012016-bull-market-in-jeopardy/