Bitcoin Price Technical Analysis for 09/07/2016 – Which Way to Break Out?

Bitcoin price is still moving in tight consolidation, but this appears to be a continuation signal from the previous strong move.
Bitcoin Price Key Highlights
Bitcoin price is still stuck in consolidation, as traders are waiting for bigger market catalysts before deciding which direction to take. Keep in mind that bitcoin just recently made a strong rally, which makes the consolidation pattern a bullish flag. Technical indicators seem to be suggesting that an upside breakout is likely. Bitcoin price is still moving in tight consolidation, but this appears to be a continuation signal from the previous strong move.

This post was published at NewsBTC on 4:39 am September 7, 201.