IMHO the bitcoin is rather overbought and the time before Chrismass when many people will prefer to cash out and others to withdraw investments after first bears will be enough to revers the bullish trend.
Looks like the downhills trend started couple of days ago and we could expect a correction is occurring at the moment.
I do expect this correction to complete...
Look at the RSI and MACD indicators. Look at the history. Now look back again the current deviation of these indicators and how far is the current price of the 21 MA, RSI and MCAD averages.
I think the bitcoin is in mainstream media and that is the only reason for the high prices these days. The facts however are the bitcoin is overpriced.
The greater resistance...
Seems like the crypto market is calmed those days and this is perfect timing for pump and dumps.
I believe having DOGE @ 30 satoshi proved reversal of the bearish market and next stop will be 40 satoshi
In recent day cryptocurrencies has bulliesh market. This and having NXT accumulating prices last few days points to another jump soon.
If prices don't go below 0.13 before 13th of August, I suggest buying and selling either ot 0.2 or 0.24