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Title: [2016-08-23]Bitcoin Price Technical Analysis – Bullish Channel Still in Play! Post by: BTCBinary on August 23, 2016, 07:13:08 AM Bitcoin Price Technical Analysis for 08/23/2016 – Bullish Channel Still in Play!
The 100 SMA is above the longer-term 200 SMA so the path of least resistance could still be to the upside. Also, the 100 SMA is near the channel support around $580, adding to its strength as a floor. A larger pullback could still bounce off the 200 SMA dynamic support at $575, but this would be the line in the sand for an uptrend continuation... http://www.newsbtc.com/2016/08/23/bitcoin-price-technical-analysis-08232016-bullish-channel-still-play/ |