Bitcoin Price Technical Analysis for 10/28/2016 – Steeper Climb in Play

Bitcoin price is enjoying stronger bullish pressure that’s pushing it up on a much steeper climb lately.
Bitcoin Price Key Highlights
Bitcoin price has been making one upside breakout after another, indicating the presence of strong bullish momentum. A steeper rising trend line can be drawn to connect the latest lows of price action on the 1-hour time frame. Price could be in for a shallow pullback to this rising trend line or a larger correction to the nearby area of interest. Bitcoin price is enjoying stronger bullish pressure that’s pushing it up on a much steeper climb lately.

This post was published at NewsBTC on October 28, 2016.