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Title: [2016-08-12]Bitcoin Price Technical Analysis – Breakdown Alert! Post by: BTCBinary on August 12, 2016, 01:29:21 PM Bitcoin Price Technical Analysis for 08/12/2016 – Breakdown Alert!
The 100 SMA is still above the longer-term 200 SMA so there could be a chance for a bounce. However, price has already dipped below the dynamic support at the 100 SMA and looks ready to break below the 200 SMA as well, setting the stage for a potential downward crossover later on. Stochastic is deep in the oversold region, which means that sellers are starting to get exhausted. The oscillator has yet to cross higher and make its way... http://www.newsbtc.com/2016/08/12/bitcoin-price-technical-analysis-08122016-breakdown-alert/ |