Bitcoin Price Key Highlights
Bitcoin price had previously been trading inside a symmetrical triangle pattern, with bulls and bears unable to pick a clear direction.
Price finally broke to the downside, driven mostly by dollar rallies during the FOMC statement.
From here, bitcoin price could see further declines, probably leading up to a test of the support at $300.
As predicted in the previous article, a breakout was looming for bitcoin price. It decided to take the southbound route, as bears gathered enough strength to push below the triangle support.
http://www.newsbtc.com/2016/01/28/bitcoin-price-technical-analysis-for-28012016-bears-taking-charge/
