Bitcoin Price Technical Analysis for 07/26/2016 – Reversal Formation Seen!The 100 SMA crossed below the 200 SMA recently, which means that sellers are taking control of bitcoin price action. The gap between the moving averages is widening so bearish momentum is getting stronger. In addition, the 100 SMA appears to be holding as dynamic resistance at the moment. However, stochastic is heading north so bitcoin price might follow suit. If sellers continue to stay strong, price could just keep treading below the moving averages and eventually break below the neckline at $650...
http://www.newsbtc.com/2016/07/26/bitcoin-price-technical-analysis-07262016-reversal-formation-seen/