[2016-09-02]Bitcoin Price Technical Analysis for 09/02/2016 – Make or Break

[BTCBinary]

Bitcoin Price Technical Analysis for 09/02/2016 – Make or Break

The 100 SMA is below the longer-term 200 SMA so the path of least resistance could still be to the downside. However, the gap between the moving averages is narrowing so an upward crossover looks possible. In that case, bullish momentum could pick up and lead to a break above the trend line resistance around $600. Stochastic is heading north from the oversold region, hinting that sellers are already...

http://www.newsbtc.com/2016/09/02/bitcoin-price-technical-analysis-09022016-make-break/