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Author Topic: [2016-10-17]Bitcoin Price Technical Analysis – Breakout Brewing?  (Read 304 times)
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October 17, 2016, 07:47:17 PM
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Bitcoin Price Technical Analysis for 10/17/2016 – Breakout Brewing?

Bitcoin price continues to consolidate in a tight range as traders wait for stronger market catalysts to set direction. The 100 SMA is above the longer-term 200 SMA on this time frame so the path of least resistance could be to the upside. However, the moving averages simply appear to be oscillating so further consolidation is possible. Right now, the moving averages are also holding as dynamic support levels, which might be enough to keep near-term losses in check...

http://www.newsbtc.com/2016/10/17/bitcoin-price-technical-analysis-10172016-breakout-brewing/
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