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Author Topic: [2016-06-28]Bitcoin Price Technical Analysis – Ascending Triangle Formation  (Read 258 times)
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June 28, 2016, 02:26:54 PM
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Bitcoin Price Technical Analysis for 06/28/2016 – Ascending Triangle Formation

The 100 SMA is below the 200 SMA so the path of least resistance is to the downside. However, the gap between the two moving averages is narrowing and an upward crossover seems imminent, possibly indicating that buyers are regaining control. Bitcoin price is finding resistance at the 200 SMA, which usually holds as a dynamic inflection point...

http://www.newsbtc.com/2016/06/28/bitcoin-price-technical-analysis-06282016-ascending-triangle-formation/
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June 29, 2016, 08:39:11 AM
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I have always felt that the price of bitcoin will remain at the $500 range, I didn't think it will remain in the %600+ range for long.

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