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Topic: [2016-08-25]Bitcoin Price Technical Analysis – Breakdown Alert! (Read 293 times)

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Bitcoin Price Technical Analysis for 08/25/2016 – Breakdown Alert!

The 100 SMA is still above the longer-term 200 SMA so the path of least resistance is still to the upside. However, the gap between the moving averages is narrowing so a downward crossover might be possible, indicating a return in selling pressure. A continued drop could take bitcoin price to the $575 area next, then onto the longer-term area of interest at $550. However, stochastic is pointing up and might...

http://www.newsbtc.com/2016/08/25/bitcoin-price-technical-analysis-08252016-breakdown-alert/
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