Bitcoin Forum
November 22, 2017, 11:04:08 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2016-06-29]Bitcoin Price Technical Analysis – Triangle Breakdown!  (Read 157 times)
BTCBinary
Hero Member
*****
Offline Offline

Activity: 504


View Profile
June 29, 2016, 01:10:49 PM
 #1

Bitcoin Price Technical Analysis for 06/29/2016 – Triangle Breakdown!

The 100 SMA is below the 200 SMA so the path of least resistance is still to the downside. In addition, these moving averages held as dynamic inflection points and pushed bitcoin price down. However, the gap between the two moving averages has closed and an upward crossover seems imminent, likely indicating a return in bullish pressure...

http://www.newsbtc.com/2016/06/29/bitcoin-price-technical-analysis-06292016-triangle-breakdown/
Pages: [1]
  Print  
 
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!