Bitcoin Price Technical Analysis for 18/6/2015 - Gains Erased

Bitcoin Price Technical Analysis for 18/6/2015 - Gains Erased

Bitcoin has let go of the hefty 4% gains it attained post the declaration by the US Fed chair that interest rates will remain “unchanged” for now. For an interesting take on why interest rates matter to Bitcoin, read “Could Bitcoin' Rally Be Indicative of US Fed's Rate Hike Hold-off?” As the cryptocurrency has weakened post the announcement, and there are no other market triggers in sight, we must remain cautious as Bitcoin is near important technical levels. Bitcoin is currently trading at $246.42, down 0.17% since yesterday. In my previous analysis, I had mentioned that even with strong....


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