The 100 SMA is crossing below the longer-term 200 SMA on the 1-hour chart to signal that the path of least resistance is to the downside. In other words, sellers could regain the upper hand and lead to another test of the nearby support at $14,000.
Stochastic is also pointing down to indicate that selling pressure is present while RSI appears to be turning back south from its climb. A break below the channel support could mark the start of a longer-term selloff.
But if bulls continue to charge, the price could test the area of interest around $16,000 next then make its way up to the resistance at $17,500 or higher.
source :https://www.newsbtc.com/2018/01/11/bitcoin-price-technical-analysis-01-11-2018-bit-bullish-momentum/
Nice analysis...
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