Bitcoin Price Technical Analysis for 08/01/2016 – Breakdown Alert!The 100 SMA and 200 SMA are still oscillating, as the moving averages have yet to incorporate the recent drop. These indicators line up with the top of the triangle, which add to its strength as a ceiling. Stochastic is heading south but is nearing the oversold region, which suggests that sellers might be feeling exhausted and ready to let buyers take over. In that case, a pullback to the broken triangle support around $650 could be possible before bitcoin price resumes its selloff...
http://www.newsbtc.com/2016/08/01/bitcoin-price-technical-analysis-08012016-breakdown-alert/
