Bitcoin Price Analysis: 5/05/2016

Bitcoin is fortifying at the top limit of a short-term flat. In order to maximize the possibility of a turn to growth, the market has to form an upward turnaround structure.

Will an upward trend start soon?

Bitcoin’s fortification in a zone profitable for the bears means that the bulls are currently holding the advantage, or, alternatively, there is a lack of interest from the majority of the bears at this level. One way or another, the current structure is a signal of an upcoming turn.