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Title: [2016-05-16]Bitcoin Price Technical Analysis – Tracking Channel Resistance Post by: Blawpaw on May 16, 2016, 07:00:50 PM Bitcoin Price Technical Analysis for 05/16/2016 – On Track Towards Channel Resistance
The 100 SMA is still above the 200 SMA so the path of least resistance is to the upside and the uptrend could carry on. However, the gap between the moving averages is narrowing so a downward crossover could be possible. If so, sellers could make another test of support and possibly push for a break lower... read more (http://www.newsbtc.com/2016/05/16/bitcoin-price-technical-analysis-05162016-track-towards-channel-resistance/) |