[2016-07-20]Bitcoin Price Technical Analysis – Steady Uptrend

[BTCBinary]

Bitcoin Price Technical Analysis for 07/20/2016 – Steady Uptrend

The 100 SMA is above the 200 SMA so the path of least resistance is to the upside. This suggests that bitcoin price might climb to the top of the channel at $690-700 or at least until the previous highs closer to $680. In addition, the 100 SMA coincides with the bottom of the channel, adding to its strength as a floor...

http://www.newsbtc.com/2016/07/20/bitcoin-price-technical-analysis-07202016-steady-uptrend/