Bitcoin Price Technical Analysis for 09/13/2016 – Pullback to Broken Support?

Bitcoin price is pulling up from its sharp drop but could encounter resistance at the nearby inflection points.
Bitcoin Price Key Highlights
Bitcoin price recently made a sharp selloff, breaking below a short-term floor around $620 and bouncing off the $570 area. Bearish momentum could still be in play, although a correction to the broken support seems imminent. Technical indicators are also suggesting that the selloff could resume at some point. Bitcoin price is pulling up from its sharp drop but could encounter resistance at the nearby inflection points.

This post was published at NewsBTC on 4:26 am September 13, 201.