ChartArt
Short

Next Bitcoin price support is at $192-$196

BITSTAMP:BTCUSD   Bitcoin / Dollar
How low can Bitcoin go? Answer: Very low. First resistance is at $192-$196.
Considering how my $220's prediction played out, I agree with your lines. My personal ones are a bit more conservative (I favor some other market sentiment indicators) but my prices are relatively in the same spot.

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This is based on nothing but support lines?
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ChartArt HenrikLolsor
This is based not on support lines, but on pivot prices. I used both long-term 'standard' pivot points and 'Fibonacci' pivot points. To learn more about pivot points read:

"Using Pivot Points For Predictions"
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:pivot_points
http://www.investopedia.com/articles/technical/04/041404.asp
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