Just like I expected during my previous analysis, bitcoin price dipped last week to record a low of $2045 on Bitfinex yesterday. The support level around $2262.62 seems to be strong enough to resist further drop and the low recorded ($2045) was nothing more than overshooting below support.
Bitcoin price will most probably start rising again to complete a 5 wave Elliott formation. Here is part of my weekly analysis on livebitcoinnews.com
To read the whole analysis, kindly visit this link