Bitcoin Price Technical Analysis for 10/21/2016 – Bulls Waiting at Area of Interest

Bitcoin price could make another move towards the top of its channel since bulls have been waiting to charge at this area of interest.
Bitcoin Price Key Highlights
Bitcoin price continues to trend higher on its 4-hour time frame, still moving inside its ascending channel pattern. As shown in an earlier article, bitcoin has found support at a former resistance level and looks ready to resume its rally. This area of interest is right in the middle of its longer-term ascending channel. Bitcoin price could make another move towards the top of its channel since bulls have been waiting to charge at this area of interest.

This post was published at NewsBTC on 4:45 am October 21, 201.