Bitcoin Price Technical Analysis for 12/27/2016 – A Bit of Hesitation

Bitcoin Price Technical Analysis for 12/27/2016 – A Bit of Hesitation

Bitcoin price is taking a bit of a break from its ascent, probably waiting for more bulls to join in. Bitcoin Price Key Highlights. Bitcoin price recently made a strong surge, but it appears that bulls are running out of steam. A larger correction might be needed in order to draw more buyers to the mix and allow the climb to resume. Price is stalling just below the latest highs near $940 and appears to be testing near-term support areas. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on the 1-hour chart, confirming that the path of least resistance is still to....


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