Bitcoin Price Technical Analysis for 07/27/2016 – How Low Can It Go?The 100 SMA is still below the 200 SMA so this selloff could carry on. In addition, the 100 SMA appears to have held as a dynamic resistance area from here, as it coincided with the pullback to the broken head and shoulders neckline at $655. Bitcoin price is still stalling at the near-term support around $650 but a break below this area could draw more sellers to the mix. Stochastic is still pointing down and heading south so price could follow suit, possibly setting its sights on the lows near $630...
http://www.newsbtc.com/2016/07/27/bitcoin-price-technical-analysis-07272016-low-can-go/
