Bitcoin Price Analysis: One Strong Bear (Week of June 7)

Bitcoin Price Analysis: One Strong Bear (Week of June 7)

Price at the time this article was written was: US$225.00. Last week’s article began with: “The price has broken below some significant levels and looks like it's going to test some very important levels below. The 50-day EMA has been a massive wall and it looks like the price has run out of energy trying to get and stay above it. Now a big test is coming, as price has broken below US$231, which has been mentioned in many previous articles as an area that needed to hold. Look for US$220 and the massive support area of US$210 to be tested.” So far the US$220 support level has held, but....


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I think Bitcoin may very well be the best form of money we’ve ever seen in the history of civilization.

Wences Casares, Technology Entrepreneur. Founder of Banco Lemon, the winner of Xbox game of the year