Bitcoin Price Technical Analysis for 06/10/2016 – Head and Shoulders in the Making?The 100 SMA is above the 200 SMA so the path of least resistance is still to the upside. This suggests that the rising support level around $570 might serve as a floor, especially since it lines up with the 200 SMA dynamic support. RSI is pointing up and might be ready to head north so bitcoin price could follow suit. Stochastic is indicating oversold conditions so sellers might need to take it easy from here and allow buyers to take control. If so, bitcoin could head back to the latest highs at $595...
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