What can investors expect from Bitcoin? What do investors think about Bitcoin?
- Bitcoin experienced a drop of more than 8% before the 4-hour candlestick closing.
- The drop in Bitcoin came as news spread about Mt Gox and the US government making Bitcoin transfers, and as Russian President Putin called for an emergency meeting.
- Will Bitcoin continue to drop? Where are the critical support and resistance levels?
What can investors expect from Bitcoin? What do investors think about Bitcoin?
Bitcoin Medium-Term Price Analysis!
Bitcoin Price Chart Source: TradingView
We can see that the downward movements in BTC price will continue unless Bitcoin makes daily candlestick closings above the 30,500$ level.
If Bitcoin cannot break the 30,500$ level, its target in the technical chart will be around 25,000$.
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