However, stochastic is indicating overbought conditions and is turning lower so bitcoin price could follow suit. This could take price down to the near-term support at $450 once more or until $440. Stronger selling pressure could lead to a test of the longer-term floor around $380-400.
Meanwhile, RSI is on middle ground barely providing any strong directional clues for now. The oscillator still seems to be on track to head higher though, so bulls might have enough energy to push for a break of the near-term ceiling at $457.
http://www.newsbtc.com/2016/05/09/bitcoin-price-technical-analysis-05092016-bulls-making-comeback/