2016/09/12 5:00 AM

The bitcoin price’s new upward path is set to consolidate to even higher price levels beyond $600, according to technical indicators.

Also read: Apple Removes ShapeShift From App Store

Technical Analysis

Long-Term Analysis

bitcoin price technical analysis

Prices are quoting in a new scenario pointing to higher levels. Bullish consensus allows a sustained movement that can probably ignore every intermediate resistance from the current quotes up to $820, where the technical objective is calculated.

There is not any pattern or well-known formation to mention, but only the forecasting of mixing theories and a lot of lateral thinking. Based on old references in the present chart, the the next stage may drive the action to a lateral market around $1000.

Mid-Term Analysis

bitcoin price technical analysis

Mathematical indicators and prices are approaching differences in an upward path to $820. Furthermore, every oscillator currently reflects buy signals. Mixing together every technical factor,…

Source link