Bitcoin Price Technical Analysis for 04/29/2016 – Bears Getting Stronger?

Bitcoin price could be due for another selloff if the short-term resistance levels keep gains in check.
Bitcoin Price Key Highlights
Bitcoin price recently made a sharp drop, breaking below several key support zones. Price bounced off the $435 area and appears to be making a pullback from its recent dive. Bitcoin is testing the resistance at the area of interest and 38.2% Fibonacci retracement level on the latest swing high and low on the 1-hour time frame. Bitcoin price could be due for another selloff if the short-term resistance levels keep gains in check.

This post was published at NewsBTC on 3:43 am April 29, 201.

Comments are closed.