Daily Bitcoin Price Analysis: A Short-Term Decline Or A Downtrend?Yesterday Bitcoin was in trading at the level of $385. By the end of the US session, the price had dropped to $366 again, and then rebounded to $372. We asked Vishal Gupta, Founder of BitcoinCT r: 8 Alliance India, CEO at SearchTrade, and Director at Moving Trumpet: what the price of Bitcoin will be in the next 24-36 hours? Will the the price decline to $350? He said:
“Most traders who bought in at last fall seem to have booked their profits. Going forward I see buying support at $360 over next few days. In medium term I am bullish on price of bitcoin and see it breaching $450 again.”
http://cointelegraph.com/news/bitcoin-price-decline-downtrend
