Bitcoin Price Technical Analysis for 10/17/2016 – Breakout Brewing?

Bitcoin price continues to consolidate in a tight range as traders wait for stronger market catalysts to set direction.
Bitcoin Price Key Highlights
Bitcoin price is still stuck in consolidation, moving between resistance at $646 and support around $637. Price just came off a test of resistance and could have its sights set back on support. A pickup in volatility could lead to a break in either direction, setting the tone for longer-term price action. Bitcoin price continues to consolidate in a tight range as traders wait for stronger market catalysts to set direction.

This post was published at NewsBTC on 3:57 am October 17, 201.