Bitcoin Price Technical Analysis for 09/16/2016 – Bulls Still in Control… For Now

Bitcoin price is sustaining its climb but there are technical signals hinting at a possible selloff.
Bitcoin Price Key Highlights
Bitcoin price is still trending higher, moving inside an ascending channel pattern on its 1-hour chart. Price is cruising around the mid-channel area of interest, as buyers and sellers are likely waiting for more directional market clues. Technical indicators seem to be suggesting that a reversal is imminent, though. Bitcoin price is sustaining its climb but there are technical signals hinting at a possible selloff.

This post was published at NewsBTC on 4:28 am September 16, 201.

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