BTC Update Thursday 5th September
Wednesday 04 September 2013
So, resistance at $148 held and the market has pulled back in search of more buyers.
Here's how it looks on a chart:
For bitcoin bulls, especially, late buyers, this is quite a scary looking chart; we have already traded as low as $130 today, which represents a retracement of nearly 20%.
On the other hand, we have marked (with a green square) the confluence of support that is currently holding price up. In fact, the brave will take a buy right here ($135). We have.
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