[2016-01-28] Bitcoin Price Cynicism Pulling Us Down

[hendra147]

The drop is interesting because it did not achieve a new low – well, that may still follow later – and price has halted at a longterm supporting Fib trendline.

If price can maintain position here, we may see a surprise reversal to the upside, as happened in September last year. In this scenario we need to wait for price to maintain altitude before we think about trading again.

https://www.cryptocoinsnews.com/bitcoin-price-cynicism-pulling-us-down/