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Topic: [2016-07-28] newsbtc.com-Bitcoin Price Technical Analysis for 07/28/2016 ... (Read 266 times)

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Bitcoin Price Technical Analysis for 07/28/2016 – Bounce or Break?

Bitcoin Price Key Highlights

    Bitcoin price seems to be establishing a downtrend now that it’s forming a descending channel on its 1-hour time frame.
    Price is now testing the channel resistance, still deciding whether to make a bounce or a break.
    Technical indicators seem to be indicating that the selloff could resume but there are also potential arguments for a reversal.

Bitcoin price is hovering at the resistance of the short-term descending channel and could be in for a continuation or reversal.

READ MORE >>> http://www.newsbtc.com/2016/07/28/bitcoin-price-technical-analysis-07282016-bounce-break/
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