Author

Topic: [2016-08-30]Bitcoin Price Technical Analysis – Eyes on Range Resistance! (Read 267 times)

hero member
Activity: 504
Merit: 500
Bitcoin Price Technical Analysis for 08/30/2016 – Eyes on Range Resistance!

The short-term moving average also appears to be holding as dynamic resistance for now, although a rally could still find a ceiling at the 200 SMA. If so, bitcoin price could make another test of support, with stronger bearish pressure likely to trigger a break lower. Stochastic seems to be on the move up but is starting to turn lower again, hinting at a potential return in selling momentum...

http://www.newsbtc.com/2016/08/30/bitcoin-price-technical-analysis-08302016-eyes-range-resistance/
Jump to: