Bitcoin Price Technical Analysis for 10/03/2016 – Time for Another Pullback?

Bitcoin price has been on a tear and more bulls look ready to charge after this pullback to the nearby support.
Bitcoin Price Key Highlights
Bitcoin price continues to trend higher, moving above an ascending trend line connecting the latest lows on the 1-hour time frame. Price just broke past the resistance at $607 then rallied up to $616 before showing signs of a correction. Price could retreat until the broken resistance, which is close to the rising trend line support. Bitcoin price has been on a tear and more bulls look ready to charge after this pullback to the nearby support.

This post was published at NewsBTC on 3:31 am October 3, 201.