Bitcoin Price Technical Analysis for 31/8/2015 – Another Failed Attempt

In the previous Bitcoin price technical analysis titled Indicators Turning Positive, we discussed that the market participants should remain short on the cryptocurrency. Since then, Bitcoin has touched a high of $235.93 and a low of $226.31 very recently.
This was another failed attempt by the bulls, and a further 3-4 percent cut will complete jeopardize their plans.
Take a look at the latest technical indications provided by the daily BTC-USD price chart.

This post was published at NewsBTC on August 31, 2015.