16-04-2018 07:07 via newsbtc.com

Bitcoin Price Technical Analysis for 04/16/2018 – More Buyers Waiting for a Pullback?

aBitcoin Price Key HighlightsBitcoin price has recently surged past the resistance around $7400 but might be due for a pullback.
Applying the Fibonacci retracement tool on the latest swing low and high shows the potential correction areas.
Technical indicators are suggesting that the uptrend could carry on from here.Bitcoin price made a strong rally last week and more buyers could be waiting to join in on a pullback.
Technical Indicators Signals
The 100 SMA is above the longer-term 200 SMA to in
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