Bitcoin Price Technical Analysis for 04/14/2016 – Short-Term Resistance Holding!

Bitcoin Watch Shop

Bitcoin Price Key Highlights

  • Bitcoin cost is still relocating inside a short-term channel though it looks like insurgency held, as predicted in a prior update.
  • With that, bitcoin could make a approach behind to a bottom of both a long-term and short-term channels nearby $420.
  • Technical indicators, however, are still suggesting that serve upside competence be possible.

Bitcoin cost has encountered insurgency during a mid-channel area of interest, paving a approach for another intensity exam of support.

Technical Indicators Signals

The 100 SMA done another crossover above a 200 SMA, suggesting that a trail of slightest insurgency is to a upside. This indicates that a intensity ceiling dermatitis from a near-term channel tip during $430 could be seen. In that case, bitcoin cost could be on lane towards contrast a incomparable channel insurgency during $435-440.

Meanwhile, RSI is indicating adult to uncover a lapse in bullish pressure, also hinting that serve gains could be seen. Stochastic is also on a pierce north, that suggests that bitcoin cost competence follow suit.

Bitcoin Price Technical Analysis for 04/14/2016 - Short-Term Resistance Holding!

Bitcoin Price Technical Analysis for 04/14/2016 - Short-Term Resistance Holding!

Market Events

Data


Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
BTC: 1FVCSiK2ErerjH1kBP4VLS5LqR3YzmVeXf
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824