|
Title: [2016-04-25]Bitcoin Price Technical Analysis – Aiming for $500? Post by: Blawpaw on April 25, 2016, 11:05:57 PM Bitcoin Price Technical Analysis for 04/25/2016 – Aiming for $500?
The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside. However, the gap between the moving averages is narrowing so a crossover might still be possible later on. In that case, the resistance could hold and push bitcoin price back to the area of interest around $400. Also, stochastic is indicating overbought conditions and appears ready to head lower. Once it moves below the 80.0 level, sellers could step up their game and put bitcoin price on track towards the next support zone... read more (http://www.newsbtc.com/2016/04/25/bitcoin-price-technical-analysis-04252016-aiming-500/) |