ChartArt

Bearish Bitcoin price outlook for June 2015

Corto
BITFINEX:BTCUSD   Bitcoin
Unless a major positive news emerges in the next 14 days, this is the direction I see for the Bitcoin price in June. Why? Because the volume is peaking right here this week and all reliable and fast price indicators start to decline, like the StochRSI shown as only one example. Maybe I post a few more later today as screenshots below as an update.

Support is around $221-$222 (green line) and resistance around $241-$243 (pink line). If the price does get a good pullback and does not start a larger downtrend then I expect the pullback to happen at $225-$226 (orange line)
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