[2016-08-03]Bitcoin Price Technical Analysis – Bulls to Return?

[BTCBinary]

Bitcoin Price Technical Analysis for 08/03/2016 – Bulls to Return?

The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside. Also, the 200 SMA lines up with the rising trend line support, adding to its strength as a floor. Bitcoin price could be poised to climb back to the highs at $780 or at least until the near-term area of interest at $600-650...

http://www.newsbtc.com/2016/08/03/bitcoin-price-technical-analysis-08032016-bulls-return/