Bitcoin Price Technical Analysis for 09/28/2016 – Bulls Waiting at Channel Support

Bitcoin price is starting an uptrend on its 1-hour time frame and bulls could keep this rally going after a test of support.
Bitcoin Price Key Highlights
Bitcoin price is slowly starting to trend higher on the short-term time frames once more, creating an ascending channel formation on its 1-hour chart. Price just came off a test of the channel resistance and is setting its sights back on support. Technical indicators are suggesting that the channel support could hold and allow bitcoin price to resume its climb. Bitcoin price is starting an uptrend on its 1-hour time frame and bulls could keep this rally going after a test of support.

This post was published at NewsBTC on 4:43 am September 28, 201.