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Author Topic: [2016-10-18]Bitcoin Price Technical Analysis – Make or Break!  (Read 182 times)
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October 18, 2016, 08:48:38 AM

Bitcoin Price Technical Analysis for 10/18/2016 – Make or Break!

Bitcoin price seems to be exhausted from its climb and might need to pull back to the channel support before heading further north. The 100 SMA is above the longer-term 200 SMA on the 4-hour chart of bitcoin price, confirming that the uptrend is likely to carry on. The gap between the moving averages is widening so bullish momentum is getting stronger. However, buyers might be waiting for better prices before entering more long positions...
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