[2014-08-12] Bitcoin Price Analysis – Last Leg Down to Where?

[erono]

http://www.cryptocoinsnews.com/news/bitcoin-price-analysis-last-leg/2014/08/11

Bitcoin price began descending yesterday, 10 August, with acceleration becoming evident today during the US trading session. At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Additional downside seems inevitable, and chart analysis suggests that the current wave down may be the last

[TheButterZone]

$1

[gmx95]

As usual the analysis is 50/50: it may decline further or it may break the trend and start to ascend. Nobody really knows.

 

[ThomasCrowne]

$1

lol.  I guess this could be the last leg down, or perhaps just the next in a long line of many if this prediction comes true.  Lord I hope it doesn't!