As we noted clearly in our recent work, the failure for Bitcoin (BTC) to push up to and possibly through its declining 200-day simple moving average – a clear point of resistance looming above its recent bounce – threw some cautionary cold water on the excitement surrounding this move higher.

Now, the big question is about where support levels lie. It is not only important to identify where the opportunities may be but to know where the failures are if indeed they are happening.

Read more at http://globalcoinreport.com/bitcoin-btc-ethereum-eth-price-analysis-the-big-idea/