Bitcoin Price Technical Analysis for 04/04/2016 – Slow Crawl!The 100 SMA is below the 200 SMA for now so the path of least resistance might be to the downside. However, an upward crossover appears to be taking place to show a pickup in bullish strength. If so, bitcoin price could make a stronger attempt to rally towards the channel resistance.
Stochastic is making its way down from the overbought level to show a return in bearish pressure. RSI is also heading south so bitcoin price might follow suit. In that case, price could attempt a break below the channel support around $410-415 and go for more losses until the channel lows at $380.
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