For Bitcoin (BTC) prices, the least obstructed road will be the upward trend, according to the latest technical analysis.
The world's No. 1 electronic currency is trading at $ 6,430 on Bitfinex, up 9% from its August 15 lowest at $ 5,859.
However, Bitcoin in the past 72 hours has had three failures to consolidate above $ 6,500. This may cause investors to question the long-term sustainability of this rebound.