BitCoin - Technical Analysis: Monday, 24/08/2015 10:42 GMT

Bitcoin price broke the ascending channel’s support to fall under negative pressure that we expecting to push trading to head towards the previously recorded low at 85.00.

The exponential moving averages 50 and 100 form negative pressure now on the short term trading, which makes the decline waited for the upcoming period.

Breaching 265.00 upwards will open the way to stop the current bearish bias and push the price to rise again.