Key Highlights
In one of the previous week’s analysis I suggested that buying favored in Bitcoin price near ¥2600. The idea played well as the price bounced and traded higher
However, as stated earlier the ¥3100 resistance area holds the key, and currently stalling more gains.
Buyers need to be very careful moving ahead, as a break below a major support trend line on the 4-hours chart (data feed from BTCChina) may call for a correction.
http://www.newsbtc.com/2015/12/20/bitcoin-price-weekly-analysis-top-created-near-%C2%A53100/
