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Topic: [2016-07-21]Bitcoin Price Technical Analysis – Bears Gaining Control! (Read 339 times)

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Bitcoin Price Technical Analysis for 07/21/2016 – Bears Gaining Control!

The 100 SMA is still above the longer-term 200 SMA so the path of least resistance is to the upside. However, bitcoin price moved below these moving averages so a downward crossover could be imminent. If so, selling pressure could increase and take bitcoin down to the next area of interest...

http://www.newsbtc.com/2016/07/21/bitcoin-price-technical-analysis-07212016-bears-gaining-control/
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