Where is the Price of Bitcoin Headed?

[kreslik.news]

Analysis of bitcoin price

On the evening of the 25th of January, the bitcoin price had come back to the level of the week’s beginning. Just before this article was released, the price level of 2500 CNY and $380 ($375 in exchange tables) was tested at the market.

Without responding to such expectation, we might see a reversal here – a return to a temporary progression and later coming back to the same level, set as a new support level at about $380 and 2500 CNY.

The changes in price remind of a similar return which took place in the middle of ... (read more)