Bitcoin’s double bottom near $300 survives, for now. Today’s foray lower stopped at $304.98, around $1 dollar higher compared to yesterday’s low at $304.05. Since hitting the lows BTC rebounded somewhat, peeking at $317.50 later in the day. We are currently quoted at $315 per coin on BTC-E. As usual, prices are slightly higher on rival exchanges BitStamp $319 and OKCoin $321.
Double bottoms can be warning signs that point to a reversal. But for now, the trend remains firmly to the downside. While a BTC/USD move above $320 should be a cause for worry to the sellers, to snap the downtrend we will likely need to see a break of $335. On the lower end, a break of the $300 round figure should lead to more losses toward $285. Further down, the $266 mark, the highest high for BTC during most of last year, will be an important line in the sand. A break below here could lead to longterm bitcoin losses.
0 comentários:
Postar um comentário