Bitcoin Forum
June 21, 2018, 01:06:58 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: [2016-04-06]Bitcoin Price Technical Analysis – Nearing Channel Resistance  (Read 136 times)
Offline Offline

Activity: 1120
Merit: 1000

Bitcoin Enthusiast and Blockchain Enterpreneur

View Profile
April 06, 2016, 11:25:46 PM

Bitcoin Price Technical Analysis for 04/06/2016 – Nearing Channel Resistance

The 100 SMA is above the 200 SMA so the path of least resistance is to the upside. If bullish pressure is strong enough, bitcoin price could even go for an upside break of the channel resistance, spurring a stronger rally for the virtual currency.

RSI is treading sideways, indicating that consolidation could carry on and that buyers and sellers are still undecided. However, stochastic is already indicating overbought conditions so a selloff might take place sooner or later...

read more
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!