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Author Topic: [2015-04-11] ForexNews: Bitcoin Has Trouble Clearing Support  (Read 497 times)
pawel7777
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April 12, 2015, 11:03:45 AM
 #1

Bitcoin Has Trouble Clearing Support

http://www.forexnews.com/blog/2015/04/11/bitcoin-has-trouble-clearing-support/

Quote
Bitcoin is again having trouble peeling off from the previously broken support level. After yesterday’s brief move lower, today BTC/USD was back to testing the $234 figure. Initially we fell to a new multi-day low of $228.62 on BTC-E but yet again the lows got quickly bought up by the bulls and at the end of the session we closed at $233.70. We are currently quoted just $1 dollar below the previous support at $234.

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April 12, 2015, 11:46:23 AM
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Bitcoin  traded to $234.08 but the quickly lows got bought up and the subsequent reversal took us to a high of $258.52. And most recently we had the same pattern occur at $234, with new lows followed by a short-lived reversal.

Worried now as a the price is set to drop further and further if the current support levels are broken. The order books simply cant support current prices so we have to see a trend reversal soon :O

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April 13, 2015, 08:08:02 AM
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I hope this problem quickly completed and the price rises so that the beliefs of peoples the bitcoin increase
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