Bitcoin Price Technical Analysis for 18/3/2015 - Trapped Again!
Consistent with yesterday's analysis, Lackluster Moves, Bitcoin has been bogged down by profit booking and minor selling, and has reached the crucial Support Line 1. This support level has been reaffirmed several times before, and hence, any breakdown below this could lead to a free fall in the Bitcoin price. By technically analyzing the BTC/USD 240-minute price chart, my recommendation is to sell on the rise. Here are some technical considerations which push me to this conclusion. Lower Top Confirmed - The technical indicators had for long been pointing to a fading bullish momentum and....
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