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Title: [2016-08-16] Bitcoin Price Technical Analysis – Short-Term Reverse Pattern ? Post by: a7mos on August 16, 2016, 02:47:05 AM Bitcoin Price Key Highlights
Bitcoin price has sold off sharply recently but it looks like bears may be tired from the dive. A small double bottom pattern has emerged after price failed in its last two attempts to break below $565. Price has yet to break past the neckline at $575 before confirming the potential rally. read the Analysis (http://www.newsbtc.com/2016/08/16/bitcoin-price-technical-analysis-08162016-short-term-reversal-pattern/) Title: Re: [2016-08-16] Bitcoin Price Technical Analysis – Short-Term Reverse Pattern ? Post by: Kaneki on August 16, 2016, 05:40:30 AM If bitcoin price does break past the double bottom neckline, it could find dynamic resistance at these moving averages, which are around $580 to $585. A break past these levels could confirm that bullish momentum is underway.
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