As suggested in previous post, the price of Bitcoin surpassed $45,000 and now is testing this level as support. This daily chart shows how this level is marked by the 50 Exponential Moving Average indicator. The 50 EMA is above the 200 EMA indicating the classic Golden Cross, which gives us a bullish outlook. At … Read more
As expected by many technical analysts the 200 MA has crossed below the 50 MA on a Daily chart, which confirms the Death Cross signalling the possibility of the beginning of a bear market. At the time of writing this analysis, BTC is testing again it’s major support level between $29,000 and $30,000. As mentioned … Read more
Bitcoin has been falling in value in the past week but what has some investors going into a panic mode, others see as a very healthy behaviour for the cryptocurrency and another buy opportunity. Bitcoin has fallen to almost $11,000 from a high of just below $20,000 but it is no regaining a bullish momentum … Read more