Bitcoin Price Analysis: 5/17/2016

A short-term downward impulse has played out on Bitcoin. That movement has a chance to grow into a medium-term downward trend.

Will the downward movement continue?

One of the possible scenarios has played out, and it can’t be called favorable. The price has ignored all the established rules, which happens from time to time. For cases like that there is always probability, which can be used to choose the statistically favorable situations, but an unprofitable outcome is always possible. While the market was counting on a rebound or a fortification followed by a turn from the pr