24-05-2018 05:47 via newsbtc.com

Bitcoin (BTC) Price Watch: Short-Term Bullish Divergence Seen?

Bitcoin Price Key HighlightsBitcoin price continues to trend lower but is currently testing short-term support.
A bullish divergence can be seen on stochastic, signaling a possible bounce back to the top.
The Fibonacci retracement tool shows the nearby upside targets.Bitcoin price could be due for a bounce off the channel support back to the nearby Fibonacci retracement levels.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance
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