Bitcoin Price Technical Analysis for 02/15/2017 – Consolidation Alert!

Bitcoin price is stuck in a symmetrical triangle consolidation pattern for now and its breakout could set the tone for long-term action. Bitcoin Price Key Highlights. Bitcoin price consolidation has been getting tighter in the past few days as traders remain wary of ongoing industry changes. On the 1-hour time frame, a symmetrical triangle can be seen with price approaching the peak of the formation. A break past the triangle resistance around $930 could spur a longer-term climb while a move below support at $920 could trigger a selloff. Technical Indicators Signals. The 100 SMA is below....

Bitcoin price could be due for more declines after making a downside break of consolidation and forming a reversal pattern. Technical indicators are suggesting a potential bounce for now, with the 100 SMA above the 200 SMA and oscillators moving out of the oversold levels. Both RSI and stochastic are also showing slight bullish divergences, hinting that buyers could come back in the game and trigger a pullback or rally for bitcoin price. A pullback could lead to a test of the broken triangle support near $430 and the moving averages, which might hold as dynamic inflection points. A larger....

Bitcoin price is consolidating tightly in a symmetrical triangle pattern on short-term charts so a breakout could happen sooner or later. Bitcoin Price Key Highlights. Bitcoin price has been trending higher on the 1-hour time frame but seems to be hesitating once more. Price formed lower highs and higher lows visible on the 15-minute chart, creating a symmetrical triangle consolidation pattern. A breakout in either direction could ensue, giving clues about where bitcoin price could head in the long run. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA for now so....

Bitcoin price is stuck in consolidation as a potential breakout looms with top-tier catalysts on deck. Bitcoin Price Key Highlights. Bitcoin price is still treading sideways as traders wait for more market clues after the recent selloff. Price seems to be trending slightly higher on the short-term time frames, hinting that bulls are intent to keep losses in check. Technical indicators on the 15-min chart also suggest that further gains are possible. Technical Indicators Signals. The 100 SMA crossed above the longer-term 200 SMA on the 15-minute time frame, indicating short-term upside....

A technical analysis chart of bitcoin prices suggests that the digital currency’s value is likely to shoot higher. Technical Analysis Shows A Pennant. The technical analysis chart of Bitstamp’s recent closing prices, originally published on Sober Look, shows that a triangular pattern known to technical analysts as a pennant has formed. Can a Pennant....