ChartArt
Short

Bearish scenario if the price stays below 240 USD

BITFINEX:BTCUSD   Bitcoin / Dollar
353 3 5
The bulls start to get exhausted given that they still haven't made a real advancement today and were only able to hold the current range over the weekend. If the squeeze breaks downwards I fear that the price can go down to the 200 USD area, because the moving average 'Golden Cross' alone won't save the current uptrend, if there are not enough buyers who simply buy and hold...

So far the price has not broken downwards, so this is only a scenario.
Everything can happen in Bitcoin. A wise man once said never short a dull market :)
+1 Reply
GBTC enjoying a nice steep drop: http://www.otcmarkets.com/stock/GBTC/quote
+1 Reply
Nice work
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