Bitcoin Price Technical Analysis for 03/15/2016 – Trying to Break …

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Bitcoin Price Key Highlights

  • Bitcoin cost is still inside a forward channel on a 4-hour time support though is contrast a insurgency again.
  • Price only came off a exam of a tip of a channel though didn’t get adequate bearish movement to make it all a approach down to a bottom.
  • Technical indicators are hinting during another intensity drop.

Bitcoin cost is contrast a channel insurgency once more, still determining either to make a rebound or a breakout.

Technical Indicators Signals

The 100 SMA is still above a 200 SMA for now with a downward crossover looming. If that happens, some-more sellers could join a overlay and boost bearish vigour adequate to lead to a dump until a channel support nearby $380.

RSI is streamer north so buyers are still in control though a oscillator is impending a overbought levels. Stochastic is also streamer adult and coming a overbought zone, that could meant that buyers are removing tired and prepared to let sellers take over.

However, if buyers stay in control, a mangle above a $420 channel resistance, area of interest, and 100 SMA could take place. This competence concede bitcoin cost to stand to a subsequent roof around $450 or adult to $465, depending on how this

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