BITFINEX:BTCUSD Bitcoin / U.S. Dollar
Looking at the indicators that I use and the chart for Bitcoin I am still and don't think the bottom is in. However I expect some kind of bounce of the $210-200 level. There are a few reason for this but the main ones are the i s nearing resistance on the multi month trendline down. Also is extremely oversold and there is a pocket on the that might need to be touched around $250. I would not be surprised if we touch 250 and get rejected.