BTC/USD 4HR ANALYSIS (BITSTAMP)
Bitcoin is inside a large corrective structure after the fall from $660 to $460, currently it is forming a smaller degree corrective structure with price expected to break the structure to the downside soon towards $570 minimum and any further loss from there would confirm that a short term top has been formed around $770 and we may be in a down trend for a while.
All technicals currently indicate a sell for the short term and only a break above $630 would make a case for any upside now.
Key levels:
Support: $600
Resistance: $630
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