Bitcoin Price Technical Analysis for 08/25/2016 – Breakdown Alert!The 100 SMA is still above the longer-term 200 SMA so the path of least resistance is still to the upside. However, the gap between the moving averages is narrowing so a downward crossover might be possible, indicating a return in selling pressure. A continued drop could take bitcoin price to the $575 area next, then onto the longer-term area of interest at $550. However, stochastic is pointing up and might...
http://www.newsbtc.com/2016/08/25/bitcoin-price-technical-analysis-08252016-breakdown-alert/
