SnakeTheInterloper

Bitcoin: Price below major resistance line

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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1
Dear traders,

Unfortunately the price has broken below the major resistance levels at $360 as seen on the shown hashed red trendline above. If unable to break above the high 300s resistance levels observed while deflating the $500 pump, the price will eventually retrace to $320s - $330s where the support may be retested. Another test of the $380 to $390 resistance should be observed prior to selling off, should that occur.

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