[ Bitcoin ] Will the Bitcoin Bulls hold Support Levels today?

We have seen a good recovery in the last 3 days with Bitcoin going all the way to $8606 on Bitstamp. It broke key support at $8030 in the last couple of hours and is standing at $7908. It went down to $7775 about 3 hours ago, so this is new support level.

Resistance is at about $8606 to make higher high. I think we will see a breakout soon. Will it be the bulls or the bears? I don’t know. Yesterday the guru’s said we might see another wave down before we go up again. It is going to happen today?

Here are The Chart Guys on the short term technical analysis:

Tone Vays gives us a more long term view on the technical analysis:

What do you think of the current bitcoin prices? Are we going to see one more wave down?

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Colin Brazendale

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