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Bitcoin_Altcoin
Jul 3, 2014 2:59 PM

Short term bear mode  Short

Bitcoin / U.S. dollarBitstamp

Description

I predict the price will fall within the next few days down to the yellow target area (620-610) After a lot of buy pressure and a run from 560 to 660, this market looks like it is temporarily out of steam. Double top on the 660 which is a previous place resistance. MACD is still falling. RSI and Willy 21/13 MA is also falling. Additional with the 3-day weekend in USA about to happen I doubt we will see more fiat in the exchanges until Mon or Tuesday. Red arrow is my prediction, but I would not be too surprised to see the market fall down to 600 or 580 either (noted by the dotted red arrows). It would just take a large sell, or some bad news.
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