Bitcoin Price Technical Analysis for 08/30/2016 – Eyes on Range Resistance!

Bitcoin price is settling inside a range but technical indicators seem to be hinting at an upside breakout. Bitcoin Price Key Highlights. Bitcoin price has been moving sideways on the slowdown in volatility, stuck in a range between support at $575 and resistance at $590. Price appears to be bouncing off the top of the range once more, gearing up for another test of support. However, technical indicators are suggesting that a breakout could take place. Technical Indicators Signals. The 100 SMA is still above the longer-term 200 SMA on this time frame, signaling that the path of least....

Bitcoin price could continue to trade sideways as the Christmas holidays are approaching and volumes might be turned down. Bitcoin Price Key Highlights. Bitcoin price seems to be moving sideways recently, possibly establishing its range for the remainder of the year. Volatility has been subdued again after the FOMC statement led to a sharp rally for the dollar then a quick reversal. Bitcoin price found support around $765 and resistance at $795. Technical Indicators Signals. The 100 SMA is still above the longer-term 200 SMA so the path of least resistance is to the upside. Bitcoin price....

Bitcoin price had a volatile run but remains stuck inside its short-term range. Bitcoin Price Key Highlights. Bitcoin price volatility picked up recently but it was unable to bust out of its range. Both bulls and bears attempted for a breakout but the cryptocurrency is still trapped between support at $658 and resistance at $670. Technical indicators are suggesting that the longer-term climb could carry on and that another upside breakout attempt could take place. Technical Indicators Signals. The 100 SMA is still above the longer-term 200 SMA, which means that the path of least resistance....

Bitcoin Price Key Highlights. Bitcoin price appears to be moving sideways these days, barely able to establish a clear strong direction after its sudden rally and subsequent drop earlier in the month. Price is bouncing back and forth between support at $315 and resistance at $340, and might stay inside this range for quite some time. Technical indicators are suggesting that bitcoin price could keep moving inside its short-term range, although the path of least resistance is still to the downside. Mid-Range Area of Interest. At the moment, bitcoin price is stalling at the middle of its....

In the previous Litecoin price technical analysis Flat Action, we discussed that if Litecoin fails to cross the resistance posed by the level of $3.160, it runs the risk of entering into a range. As can be seen, Litecoin has plummeted 4.44 percent to $2.907 as traders resorted to profit taking near the resistance. Another factor weighing on Litecoin is the weakness in the Bitcoin market. However, the good news is that Bitcoin is now close to its support level of $235. Values from the technical indicators overlaid on the daily LTC-USD price chart also suggest that there is an increased....