Bitcoin expected to fall further, technical analysis 14th September 2016

BTC/USD 4HR ANALYSIS (BITSTAMP)

Bitcoin is inside a large corrective structure after the fall from $660 to $460, currently it is forming a smaller degree corrective structure with price expected to break the structure  to the downside soon towards $570 minimum and any further loss from there would confirm that a short term top has been formed around $770 and we may be in a down trend for a while.

All technicals currently indicate a sell for the short term and only a break above $630 would make a case for any upside now.

Key levels:

Support: $600

Resistance: $630

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