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Topic: [2016-05-18]Bitcoin Price Technical Analysis – Bears Trying Harde (Read 257 times)

legendary
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Bitcoin Price Technical Analysis for 05/19/2016 – Bears Trying Harder

The 100 SMA is still above the longer-term 200 SMA so the uptrend could carry on. In addition, the 100 SMA coincides with the channel support, which explains its strength as a floor for now. However, the gap between the moving averages is narrowing, indicating weaker bullish pressure and a possible downward crossover...

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