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Title: [2016-09-28]Bitcoin Price Technical Analysis – Bulls Waiting at Channel Support Post by: BTCBinary on September 28, 2016, 10:10:41 PM Bitcoin Price Technical Analysis for 09/28/2016 – Bulls Waiting at Channel Support
The 100 SMA just crossed above the longer-term 200 SMA, signaling that the path of least resistance is still to the upside. In addition, these moving averages are close to the channel support at $600-605, adding to its strength as a floor. Stochastic is on the move down for now so bitcoin price could follow suit. The oscillator is already nearing the oversold area, though, so a turnaround could follow and allow bulls to take over once selling pressure is exhausted... http://www.newsbtc.com/2016/09/28/bitcoin-price-technical-analysis-09282016-bulls-waiting-channel-support/ |