Bitcoin Price Technical Analysis for 5/6/2015 – Another Collapse in the Offing!

By June 5, 2015Bitcoin Business

Bitcoin drags 0.8% as BitLicense euphoria fades out

Bulls must protect the floor of $222.50

If the support breaks, downside to $215 opens up Bitcoin has dropped from the strong resistance level of $227 following the announcement of the BitLicense regulations. After erasing the gains , Bitcoin was trading at $225.20 previously while today it is trading down 0.86% at $223.27.The question to be asked now is: Is there more downside left given […]

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