[2014-09-01] Bitcoin Price Analysis: Is the Bitcoin Price Still Going Down?

[cescan]

http://www.cryptocoinsnews.com/news/bitcoin-price-analysis-bitcoin-price-still-going/2014/08/31

Bitcoin price has been consolidating in a range between $525 and $485 during the past week. Daily updates have highlighted the ambiguity of trend. Are we at the start of a new uptrend or is the decline still in force – just pausing before the dive? An infrequent technical event has manifested in the form of a moving average cross-over and, as discussed below, it provides us with a timely canary in the coal mine.