[2014-09-09] BTC/USD Technical Analysis – 8th September 2014

[epere]

http://www.forexnews.com/blog/2014/09/08/bitcoin-btcusd-technical-analysis-8th-september-2014/

Hours ago, BTC hit a new 18-day low of $460 on BTC-e. Late last week, it spiked up to $494 and then retreated. While the volatility isn’t impressive by historical standards- the total price range has been only 7%- it is higher than anything we’ve seen since mid-August. - See more at: http://www.forexnews.com/blog/2014/09/08/bitcoin-btcusd-technical-analysis-8th-september-2014/#sthash.0nA3Wol0.dpuf

[cryptofan5]

Looks like BTC is heading south again 

[bryant.coleman]

Looks like BTC is heading south again 

Not much demand for Bitcoins right now. Especially after the Charlie Shrem incident, large-scale buyers are staying away from the digital currency. It seems that the American authorities are monitoring large scale movements of Bitcoin which is occurring there. Also, there is bad news pouring in from another major market, Russia.