Bitcoin Price Technical Analysis for 09/14/2016 – Long-Term Climb Gaining Steam?

Bitcoin price is still hovering close to the long-term rising trend line but could be trying to resume its rally.
Bitcoin Price Key Highlights
Bitcoin price has been trending higher on its longer-term time frames, moving above a rising trend line visible on the daily chart. Price recently tested the trend line support and made a bounce, which suggests that bulls are intent on keeping the uptrend intact. The rally is still finding legs but there are technical arguments for a continuation of the climb. Bitcoin price is still hovering close to the long-term rising trend line but could be trying to resume its rally.

This post was published at NewsBTC on 3:05 am September 14, 201.