[2016-09-21]Bitcoin Price Technical Analysis – Bulls Holding the Fort?

[BTCBinary]

Bitcoin Price Technical Analysis for 09/21/2016 – Bulls Holding the Fort?

Bitcoin price might be ready to resume its climb now that it's hovering around several support zones. The 100 SMA is above the 200 SMA on the 4-hour time frame, which means that the path of least resistance is to the upside. Also, the 200 SMA lines up with the bottom of the ascending channel at $600, adding to its strength as a floor. This area also coincides with a former resistance zone so there could be a lot of interest in this psychological level...

http://www.newsbtc.com/2016/09/21/bitcoin-price-technical-analysis-09212016-bulls-holding-fort/