Bitcoin Price Analysis: 5/11/2016

A turn to growth did not play out on Bitcoin. The price, unable to fortify at a key level, has fallen down to the next significant resistance line.

Is the medium-term downward correction continuing?

The lack of fortification at the level of $455.5 has indicated that there is no current support for a more powerful upward movement. Consequently, there is just one possible scenario - a continuation of the medium-term downward correction