Bitcoin price has declined to long-term support and looks set to continue lower toward the 1-day 200MA near $413 (Bitstamp). Traders should retain funds allocation near 30:70 BTC vs fiat. Bitcoin price is declining just as the US dollar is surging higher. Once a convincing set of buy signals show in the 1-hour and 4-hour charts, we will turn our focus back toward the upside and $470.
The article about price and fundamentals, promised yesterday, has been drafted and will be published over the weekend.
https://www.cryptocoinsnews.com/bitcoin-price-holds-long-term-support/
Topic: [2016-05-20] Bitcoin Price Holds Long-Term Support (Read 264 times)
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