Bitcoin Price Technical Analysis for 30/9/2015 – Mild Choppiness

The choppiness in the Bitcoin market is testing the patience and the wit of the trading community. While many traders are still hopeful of Bitcoin reaching $245, fears are beginning to gain ground that this choppiness is unhealthy and may derail the ongoing bullish attempt.
Yesterday, as Bitcoin struggled to safeguard the accumulated gains, the price dropped to $235 in quick time. Even now, Bitcoin is trading lower at $237.60.
In yesterday’s price analysis Sluggish on the Upside, we discussed how the technical indications had improved substantially for the cryptocurrency, and today, we will revisit them for any changes or divergences.

This post was published at NewsBTC on September 30, 2015.