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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2016-07-11]Bitcoin Price Technical Analysis – Still Stuck in Consolidation!
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July 11, 2016, 08:16:14 PM
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Bitcoin Price Technical Analysis for 07/11/2016 – Still Stuck in Consolidation!

The 100 SMA is currently below the 200 SMA, signaling that the path of least resistance is to the downside. In other words, a downside breakout might be more likely. However, the moving averages are still close to each other so they could keep oscillating and indicating consolidation...

http://www.newsbtc.com/2016/07/11/bitcoin-price-technical-analysis-07112016-still-stuck-consolidation/
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