Bitcoin Price Technical Analysis for 21/9/2015 – A Disappointing End to the Week!


Last week ended on a very disappointing note for Bitcoin market traders and speculators as the cryptocurrency failed to budge beyond a certain, small range. Many of the market participants expected Bitcoin to move as the week came to a close, but nothing significant was seen.

Bitcoin is currently trading at $228.90, closer to its support zone of $220-225.

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bitcoin price chart


Even though the price action has been sort of dull, the technical indicators have undergone changes. Let us find out below which ones are telling what.

Bitcoin Chart Structure – As you can see, Bitcoin traded in a small range of $223-246 during the previous week. The current value indicates that

Read more ... source: TheBitcoinNews