Bitcoin Price Technical Analysis for 10/10/2016 – Ascending Triangle Pattern

Bitcoin price is trading inside a symmetrical triangle consolidation pattern and might be ready for a breakout.
Bitcoin Price Key Highlights
Bitcoin price has formed higher lows and found resistance at the $616 level, creating an ascending triangle pattern on the 1-hour time frame. Price is currently testing the resistance and could be due for a breakout sooner or later. Technical indicators are giving mixed signals on where bitcoin price could go next. Bitcoin price is trading inside a symmetrical triangle consolidation pattern and might be ready for a breakout.

This post was published at NewsBTC on 4:02 am October 10, 201.