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Topic: [2016-10-14]Bitcoin Price Technical Analysis - Strong Area of Interest (Read 305 times)

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Bitcoin Price Technical Analysis for 10/14/2016 – Strong Area of Interest

Bitcoin price is stalling at a strong area of interest visible on the long-term charts, with indicators suggesting that the resistance could hold. The 100 SMA is above the longer-term 200 SMA on the daily time frame, showing that the path of least resistance is to the upside. However, the gap between the moving averages is narrowing so a downward crossover could be due. In that case, bearish pressure could return and push bitcoin price back to the near-term support at $600...

http://www.newsbtc.com/2016/10/14/bitcoin-price-technical-analysis-10142016-strong-area-interest/
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