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Topic: [2016-06-30]Bitcoin Price Technical Analysis – End-of-the-Quarter Profit-Taking? (Read 260 times)

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Bitcoin Price Technical Analysis for 06/30/2016 – End-of-the-Quarter Profit-Taking?

On the daily time frame, it can be seen that bitcoin price is still in the middle of a pullback from its recent rally. The 100 SMA is above the 200 SMA so the path of least resistance is to the upside, which suggests that bitcoin could have a shot at testing its previous highs just below the $800 mark or heading much further north...

http://www.newsbtc.com/2016/06/30/bitcoin-price-technical-analysis-06302016-end-quarter-profit-taking/
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