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Title: [2016-03-17] Bitcoin Price Technical Analysis – Bulls Pressing On! Post by: Blawpaw on March 17, 2016, 07:01:52 PM Bitcoin Price Technical Analysis for 03/17/2016 – Bulls Pressing On!
RSI is on the move up, which means that buyers are in control of bitcoin price action at the moment. However, price is nearing the top of the wedge, which might hold as resistance and lead to a bounce back to the wedge support near $415. Also, RSI is near the overbought zone. Stochastic is in the overbought level already, signaling that buyers might need to take it easy from here and allow sellers to take over. If so, resistance around $418 could hold and lead to a... read more (http://www.newsbtc.com/2016/03/17/bitcoin-price-technical-analysis-03172016-bulls-pressing/) |