We were starting to go over into a uptrend after leaving the bottom at 550 US Dollar, but because we broke through the 600 US Dollar area, when Bolivia announced that they are banning Bitcoin and meanwhile Bitcoin exchanges like BTC-E and Bitfinex have still trouble with DDoS attacks on their service providers CloudFlare and Incapsula making trouble for trading bots (and there are also still discussions regarding the 51% issue with GHash ) I expect a downtrend to follow, after we didn't break through the resistance around 620 US Dollar .
I fear the 600 US Dollar neckline (which I described earlier in my chart named "BITCOIN - LEAVING INVERSE HEAD AND SHOULDERS") turned from a support area into the new resistance zone which we are currently bouncing against in the 1-day chart.
www.coindesk.com/bol...-digital-currencies/
twitter.com/btcecom/...s/479884231251066880
twitter.com/bitfinex...s/479574324761079808
www.coindesk.com/51-...real-threat-bitcoin/
I fear the 600 US Dollar neckline (which I described earlier in my chart named "BITCOIN - LEAVING INVERSE HEAD AND SHOULDERS") turned from a support area into the new resistance zone which we are currently bouncing against in the 1-day chart.
www.coindesk.com/bol...-digital-currencies/
twitter.com/btcecom/...s/479884231251066880
twitter.com/bitfinex...s/479574324761079808
www.coindesk.com/51-...real-threat-bitcoin/
