[2016-01-13] Bitcoin Price Consolidating Again

[CrimBit]

A quick look at the 1hr BTCC chart and we see the moving averages compressing in near-horizontal price action today.

MACD has settled on its zero line and RSI has sufficient divergence in both directions to allow a price wave to move some distance – either up or down.

The 4-hour and 1-day charts are technically bullish, but a reversal to the downside will quickly change that.

https://www.cryptocoinsnews.com/bitcoin-price-consolidating-again/