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giovedì 28 aprile 2016

Bitcoin Price Technical Analysis for 04/28/2016 – Bears Are Back!

Bitcoin Price Technical Analysis for 04/28/2016 - Bears Are Back!

Bitcoin Price Key Highlights

  • Bitcoin price tested the $460 level and resistance held as predicted in the previous article.
  • The bearish divergence played out as well, taking price down to the nearby area of interest at $440.
  • More downside could be expected but technical indicators are giving mixed signals.
Bitcoin price turned upon hitting the resistance at $460 as hinted by the bearish divergence.