Technical Indicators Signals
The 100 SMA is below the 200 SMA for now but it looks like an upward crossover is ready to take place, signaling a buildup in buying pressure. Stochastic and RSI are also heading down, which brings the possibility of profit-taking before further gains.
If so, a pullback to the broken triangle resistance at $370 or the moving averages around $375 might take place. Once the oscillators reach the oversold areas and turn higher, bitcoin price could resume its bullish run.
http://www.newsbtc.com/2016/02/05/bitcoin-price-technical-analysis-for-05022016-bulls-regaining-control/
