Bitcoin Price Technical Analysis for 09/19/2016 – Bulls Staying Strong!

Bitcoin price is still pushing higher, but these gains could hinge on this week’s top-tier market catalysts.
Bitcoin Price Key Highlights
Bitcoin price recently made an upside breakout from a short-term consolidation pattern, signaling that bulls are putting up a fight. Price is back in consolidation for now, possibly waiting for more catalysts to fuel it higher. Technical indicators are suggesting that further gains are in the cards. Bitcoin price is still pushing higher, but these gains could hinge on this week’s top-tier market catalysts.
Market Events
The 100 SMA seems to be attempting an upward crossover from the longer-term 200 SMA, signaling that the path of least resistance is to the upside again. Stochastic is also turning higher even on its way down, which suggests that bulls are trying to regain control of bitcoin price action.

This post was published at NewsBTC on 3:37 am September 19, 201.