Bitcoin Price Technical Analysis for 09/28/2016 – Bulls Waiting at Channel SupportThe 100 SMA just crossed above the longer-term 200 SMA, signaling that the path of least resistance is still to the upside. In addition, these moving averages are close to the channel support at $600-605, adding to its strength as a floor.
Stochastic is on the move down for now so bitcoin price could follow suit. The oscillator is already nearing the oversold area, though, so a turnaround could follow and allow bulls to take over once selling pressure is exhausted...
http://www.newsbtc.com/2016/09/28/bitcoin-price-technical-analysis-09282016-bulls-waiting-channel-support/
