CoinCrack

The Best Bitcoin Chart - Update 2

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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The Best Bitcoin Chart gets it's first update since being based on Mt Gox prices. Now based on Bitstamp price and includes news events.

Clearly BTC has broken below it's upper support and now the 200 day SMA as well. In the grand scheme of things the trend is your friend and from a logarithmic point of view, recent setbacks have in no way reversed the upward trend direction.

Comments

That would mean that a high number of people would sell their expensively produced or bought Bitcoins throw them on the market with a loss... I doubt it...
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Nice charts, I appreciate the fact you include important news as well. It fun to see how a potential breakout could be happening in 16 April (PBOC rumour would be set as FUD or legit statement) and at 530$ level which used to be a support.
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