Bitcoin Price Technical Analysis for 10/20/2016 – Approaching Area of Interest!

Bitcoin price is retreating from its climb but this might offer bulls an opportunity to restart the rally at better prices.
Bitcoin Price Key Highlights
Bitcoin price broke down from the earlier short-term consolidation as predicted in an earlier article. Price is now approaching a longer-term area of interest and potential support visible on the 4-hour chart. There’s a confluence of inflection points all around the $620 level, which might keep losses in check. Bitcoin price is retreating from its climb but this might offer bulls an opportunity to restart the rally at better prices.

This post was published at NewsBTC on 4:07 am October 20, 201.