Bitcoin Price Technical Analysis for 09/06/2016 – Potential Pullback Levels

Bitcoin price might be in for a pullback opportunity to these inflection points before resuming its climb.
Bitcoin Price Key Highlights
Bitcoin price recently made a strong rally and zooming in to the 1-hour chart shows potential correction levels. A bullish flag pattern can be seen on the longer-term time frames but it looks like buyers would need to wait for a pullback. Technical indicators are showing mixed signals at the moment, which suggests a possible short-term retracement on the ongoing uptrend. Bitcoin price might be in for a pullback opportunity to these inflection points before resuming its climb.

This post was published at NewsBTC on 4:11 am September 6, 201.

Leave a Reply

Your email address will not be published. Required fields are marked *


CAPTCHA Image
Reload Image