GMT20140629 14:00 Trend Analysis of Democurrency

Bitcoin:

Wave of buying is not strong and market trend starts going down.

By such strength of buyers, consolidation would take a long time at this platform. And it’s possible to break a dip.

It’s the hardest time for Bitcoin trend now, and it can be called as “being stuck”, which means it would be there, and not go up or down. Every day Bitcoin valued $2,500,000 is produced and this should be supported by corresponding fund. Next halving production will happen in 2017 and it’s too long to wait. Those involved in Bitcoin have involved. Where would new buyers come from? It’s hard to say.

Keep be patient before that.

Take a note that it’s “being stuck” and not “going down”. It’s difficult to go down.

Altcoin:

Altcoin Index 1 is 5.9, down 1.3%,a new low point. Altcoin Index 2 is 2.41, down 1.9%.

Altcoins are still going down weakly in general.

But it is normal that altcoins go weakly when Bitcoin is so short for fund.