Bitcoin Price Technical Analysis For 03/23/2016 – Mar Outlook Negative!

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Key Points

  • Bitcoin cost might be combining a bearish structure opposite a US dollar in a nearby term.
  • March opinion looks disastrous for a BTCUSD pair, as there is a constrictive triangle settlement combining on a daily draft (data feed from Bitstamp) job for a vital break.
  • The cost is now in a 5th call and might finish nearby a triangle insurgency area.

Bitcoin cost is eyeing for a mangle in Mar 2016. Let us see how it might trade during a remaining partial of a week.

Bitcoin Price – Break Down?

Bitcoin cost is trading in a range for a past integrate of weeks, though if we demeanour during a weekly chart, afterwards we will know that BTCUSD is indeed combining a dermatitis structure. There is a constrictive triangle settlement combining on a daily draft (data feed from Bitstamp), that can be seen as a vital settlement for a subsequent pierce in Bitcoin cost opposite a US dollar.

If we demeanour during a call count, afterwards a cost is in a 5th call during a moment, that can really good finish nearby a triangle insurgency area. A mangle next a triangle support area could easily pull a cost towards a 61.8% Fib


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