Recently we saw bitcoin reverse in to a bearish trend (at resistance at about $4400) and the trend reversed once it reached the previous support of approximately $3900.
I'm expecting bitcoin to test this previous support level of $3900 once more and either continue the bullish trend if it bounces up from there. Or we can possibly see a bearish trend if the price...
Let's keep an within the $315 and $289 areas and lets see if it begins moving higher or lower. It appears that the 300 range is starting to look like a support level, if the price breaks resistance $315 than the uptrend continues, if it breaks support $289 than we will have to see what occurs at the next support level. Wait for confirmation before committing to...
The support level shown is a good price to buy in. As you see the support has held more than once, the more confirmation we have of this support the stronger it becomes.
