Bitcoin Price Technical Analysis for 06/17/2016 – Signs of Rally Exhaustion?The 100 SMA is above the 200 SMA for now so the path of least resistance is to the upside. In addition, the gap between the moving averages continues to widen, reflecting strengthening bullish pressure.
However, stochastic is already indicating overbought conditions, which means that buyers are feeling exhausted and that sellers might take over. Similarly, RSI is heading south from the overbought zone so bitcoin price might follow suit...
read more
