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October 10, 2016, 05:36:25 PM
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Bitcoin Price Technical Analysis for 10/10/2016 – Ascending Triangle Pattern

Bitcoin price is trading inside a symmetrical triangle consolidation pattern and might be ready for a breakout. The 100 SMA is above the 200 SMA so the path of least resistance is to the upside. The chart pattern is approximately $15 tall so the resulting breakout could take bitcoin price up by the same amount. Similarly, a break below the triangle support at $610 could lead to a $15 drop...

http://www.newsbtc.com/2016/10/10/bitcoin-price-technical-analysis-10102016-ascending-triangle-pattern/
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