Bitcoin Price Technical Analysis for 14/4/2015 - Bearish Breakout

Bitcoin Price Technical Analysis for 14/4/2015 - Bearish Breakout

After a few weekend sessions of narrow sideways consolidation, bitcoin started the week with a bearish breakout at the end of the April 13th (Monday) session. As we can see in the 1H chart, the downtrend remains intact in the near, short-term. Bitcoin (BTCUSD) 1H Chart April 14. Some observations from the 1H chart:1) The 200-, 100-, and 50-hour simple moving averages (SMAs) are sloping down and are in bearish alignment while price remained under all of them. This represents continuation of the bearish bias in this time-frame. 2) The 1H RSI hedl under 60, which reflects maintenance of the....


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