Bitcoin Price Technical Analysis for 10/6/2015 – Drops After Hitting Resistance

By June 10, 2015Bitcoin Business

In my prior analysis, Finally, a Breakout! , I had mentioned that Bitcoin may rise further to challenge the previous strong support level of $231. The price did advance to $230.79 followed by minor booking, which has brought the price down to $228.49. Image: https://www.tradingview.com/x/8ddwRWdx/

With Bitcoin unable to overcome the supply pressure near the resistance level, it becomes important to question whether it remains a buy on dips candidate or not. Let’s find […]

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