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August 29, 2016, 06:37:32 PM
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Bitcoin Price Technical Analysis for 08/29/2016 – Support Turned Resistance

The 100 SMA is below the 200 SMA so the path of least resistance is to the downside, which means that the downtrend could carry on. The 100 SMA is being tested at the moment but a higher pullback could last until the 200 SMA dynamic resistance, which is just slightly above the area of interest. Stochastic is pointing up but is already heading down from the overbought zone, also suggesting that sellers are taking control of bitcoin price action...

http://www.newsbtc.com/2016/08/29/bitcoin-price-technical-analysis-08292016-support-turned-resistance/
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