BITCOIN - 7/14/2017 Price Update

in #bitcoin7 years ago

Bitcoin the past four days has remained range bound. It has tested and held it's $2258 support level numerous time while failing to hold the $2355 level. I would expect it to retest both of these prices in the coming days. In addition, I expect Bitcoin to remain in a sideways pattern: neither breaking support near clearing any major resistance levels. The next several days will prove this out one way or another.

Levels to watch the next 12-24 hours:

-$2355: Currently failed support. Perhaps Bitcoin retests this level. Let's see if it can retake this level.
-$2264: Current Price
$2258: MAJOR Support
-$2167: If $2258 fails, next level on deck to watch. This was a level tested several times in the consolidation before the final run up to $2999.

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