Bitcoin is testing 19500 support for ther 4th time with a low volume during the weekend, which is a sign of weakness. If this level is broken then the target is previous low.
It's also worth to mention that since the price broke down the upward channel, it's not tested the broken level yet - which is another sign of weakness.
With the incoming news about Mt.Gox and The Merge I wouldn't surprise if the fear will continue. Stay safe, my friends.
This is not a financial advice. DYOR before make a trade!
It's also worth to mention that since the price broke down the upward channel, it's not tested the broken level yet - which is another sign of weakness.
With the incoming news about Mt.Gox and The Merge I wouldn't surprise if the fear will continue. Stay safe, my friends.
This is not a financial advice. DYOR before make a trade!