Bitcoin Price Technical Analysis for 04/14/2016 – Short-Term Resistance Holding!The 100 SMA made another crossover above the 200 SMA, suggesting that the path of least resistance is to the upside. This indicates that a potential upward breakout from the near-term channel top at $430 could be seen. In that case, bitcoin price could be on track towards testing the larger channel resistance at $435-440.
Meanwhile, RSI is pointing up to show a return in bullish pressure, also hinting that further gains could be seen. Stochastic is also on the move north, which suggests that bitcoin price might follow suit.
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