Three-Component Analysis: Expect More Selling

796:BTCUSD1W   Bitcoin / Dollar Forward 1 Week
143 0 2
Fundamentals: No major changes, nothing about the Bitcoin             technology has weakened.

Sentiment: Still bearish , no reason to believe that the trend has reversed. Recent Bitstamp hack exacerbates negativity.

Technicals: The recent pause on selling has had low volume , low market participation. To reverse, many fibonacci, short-term pitchforks , and long-term resistance lines would need to be broken. A new low below $300 would cause heavy selling. Buying has slowed, RSI shows clear bull exhaustion.
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