Bitcoin Price Technical Analysis for 08/24/2016 – Channel Support Bounce or Break?

Bitcoin Price Technical Analysis for 08/24/2016 – Channel Support Bounce or Break?

Bitcoin price is testing the ascending channel support, still deciding whether to resume the uptrend or break lower. Bitcoin Price Key Highlights. Bitcoin price is still trending higher, moving inside the ascending channel visible on its 1-hour time frame. As illustrated in the earlier article, price made its way back to the channel support after getting rejected on its test of resistance. Support around $580 seems to be holding so far and technical indicators are suggesting that the climb could continue. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA, hinting....


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Bitcoin Price Technical Analysis for 08/23/2016 – Bullish Channel Still in Play!

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

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Bitcoin Price Technical Analysis for 06/09/2016 – Hovering Near Channel Support

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Bitcoin Price Technical Analysis for 08/22/2016 – Approaching Channel Support

Bitcoin price could be due for a bounce off the channel support, with technical indicators reflecting the presence of buying momentum. Bitcoin Price Key Highlights. Bitcoin price has been steadily climbing on its 1-hour chart, moving inside an ascending channel pattern. Price bounced off the top of the channel once more and is now making a move towards support. If this area holds as a floor once more, bitcoin price could make its way back up to the channel resistance. Technical Indicators Signals. The 100 SMA just crossed above the 200 SMA to indicate that the path of least resistance is....