Bitcoin Price Technical Analysis for 09/30/2016 – Another Test of Range Support?

Bitcoin price could be due for another test of the short-term range support, with technical indicators supporting a bounce.
Bitcoin Price Key Highlights
Bitcoin price has been treading carefully inside a tight range visible on its short-term charts. Price seems to have lost bullish momentum and is headed for the bottom of the range at $601.50. Technical indicators are hinting that losses could be kept in check. Bitcoin price could be due for another test of the short-term range support, with technical indicators supporting a bounce.

This post was published at NewsBTC on September 30, 2016.