Bitcoin price could undergo stronger bearish momentum in the coming days after it broke below the ascending triangle support. With this downside break, bitcoin price could eventually make its way towards the $400 area of interest.
Bitcoin Price Key Highlights
As hinted in yesterday’s update, bitcoin price was due for a downside break of the triangle support visible on the 4-hour time frame.
Price had been previously consolidating inside a long-term ascending triangle after forming higher lows and testing resistance at $465.
With this downside break, bitcoin price could eventually make its way towards the $400 area of interest.
http://www.newsbtc.com/2016/01/13/bitcoin-price-technical-analysis-for-13012016-sellers-unite/
