Bitcoin Price Technical Analysis for 03/15/2016 – Trying to Break Free?
Bitcoin price is testing the channel resistance once more, still deciding whether to make a bounce or a breakout. The 100 SMA is still above the 200 SMA for now with a downward crossover looming. If that happens, more sellers could join the fold and increase bearish pressure enough to lead to a drop until the channel support near $380. RSI is heading north so buyers are still in control but the oscillator is nearing the overbought levels. Stochastic is also heading up and approaching the overbought zone, which could mean that buyers are getting exhausted and ready to let sellers take over.....
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