Bitcoin Price Technical Analysis for 05/26/2016 – Short-Term Selloff
The 100 SMA is starting to cross above the longer-term 200 SMA, which suggests potentially stronger buying pressure. If so, bitcoin price could land back above the rising trend line and carry on with its climb. Stochastic, however, is on the move down and indicating that sellers are taking control. In that case, bitcoin price could have room to head south until the next area of interest around $450. This is also near the moving averages, which might hold as dynamic support levels...
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Topic: [2016-05-26]Bitcoin Price Technical Analysis for 05/26/2016 – Short-Term Selloff (Read 321 times)
May 26, 2016, 12:31:19 PM
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