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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2016-09-08]Bitcoin Price Technical Analysis – Stalling at Area of Interest
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September 08, 2016, 07:48:39 PM
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Bitcoin Price Technical Analysis for 09/08/2016 – Stalling at Area of Interest

Bitcoin price is having trouble breaking past this area of interest visible on the daily time frame as technical indicators are giving mixed signals. The 100 SMA is above the longer-term 200 SMA on this time frame, indicating that the path of least resistance is still to the upside. This could mean that bitcoin price might have enough bullish momentum for a break above the long-term area of interest in order to resume its rally...

http://www.newsbtc.com/2016/09/08/bitcoin-price-technical-analysis-09082016-stalling-area-interest/
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