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Title: [2016-03-30]Bitcoin Price Technical Analysis – BTC Breakout Vs USD Post by: BTCBinary on March 30, 2016, 08:15:38 PM Bitcoin Price Technical Analysis For 03/30/2016 – BTC Breakout Vs USD
Bitcoin price attempted to settle above the $425-426 yesterday, but failed to gain traction. I highlighted in yesterday’s post that the stated level is a major resistance area and it is not worth the risk. BTC moved down sharply versus USD, and the worst part was the fact that the price broke a crucial support trend line on the hourly chart (data feed from Bitstamp). There was a sharp decline once the price closed below the trend line support area, as 100 hourly simple moving average was also positioned near it. The highlighted break... continue to read (http://www.newsbtc.com/2016/03/30/bitcoin-price-technical-analysis-for-03302016-btc-breakout-vs-usd/) |