Bitcoin Price Technical Analysis for 05/26/2016 – Short-Term Selloff

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Bitcoin Price Key Highlights

  • Bitcoin cost had been relocating above an descending trend line on a 1-hour time frame.
  • Price only done a downside mangle of support as risk hatred seems to be behind in a financial markets.
  • This could be an early vigilance of a tentative selloff, nonetheless technical indicators are still giving churned signs.

Bitcoin cost done a mangle of a short-term trend line support, signaling a intensity selloff from here.

Technical Indicators Signals

The 100 SMA is starting to cranky above a longer-term 200 SMA, that suggests potentially stronger shopping pressure. If so, bitcoin cost could land behind above a rising trend line and lift on with a climb.

Stochastic, however, is on a pierce down and indicating that sellers are holding control. In that case, bitcoin cost could have room to conduct south until a subsequent area of seductiveness around $450. This is also circuitously a relocating averages, that competence reason as energetic support levels.

RSI is still treading on center ground, hardly charity any clever directional clues for now. This means that converging could also be on a table, gripping bitcoin between a stream support and a circuitously insurgency during $455.

 Bitcoin Price Technical Analysis for 05/26/2016 -<p><br><a href=Read more ... source:

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