By the end of the weekend, Bitcoin’s price slightly collapsed to $624. This may be the beginning of a long downtrend if buyers stay passive while sellers are taking the initiative into their hands.
CoinIdol.com asked our cryptocurrency expert Daniel Dabek, founder of Safe Exchange and curator of Alt Coin Trading Community, to comment on the price reduction.
“Bitcoin dropped right onto a support level. Strong buy orders are resting at $630 price across leading Bitcoin exchanges. If the price continues up from this bounce the market will have to retest the resistance at $660.”
Whole article is here:
https://coinidol.com/bitcoin-price-correction-or-beginning-of-a-downtrend/