Post
Topic
Board Press
Topic OP
[2014-09-10] After Bitcoin Hits a Yearly Low, Can It Fall Even Further?
by
epere
on 10/09/2014, 07:03:54 UTC
http://www.investing.com/analysis/how-far-can-bitcoin-fall-225260

Bitcoin hit the lowest price in September so far yesterday, reaching a low of $456.30, and then an immediate recovery to $470.77 took place. However, the move lower has been sustained and the current price is nearer to monthly low posted yesterday. At present, there is a weak downward trend at the hourly timeframe and seems to be testing the $464 support level. A downward move past this support could see the next support at $454.37 tested as well. In the event of an upward swing, the $470.80 and $480.96 levels will provide resistance.