Downward Channel on Bitstamp

20. Feb. 2014

The Bitcoin market (on Bitstamp) has been staying in this channel throughout most of this Mt. Gox debacle. More recently we have been going down and bouncing off of previous levels of support and resistance. The entire channel of course is sloping down, and with this market I have no reason to think things will turn around soon, unless there is major bullish news.