No Cross But Bitcoin Moving Averages Getting ClosersteemCreated with Sketch.

in #bitcoin • 4 years ago


Screen Shot 2020-08-24 at 3.59.19 PM.png

Bitcoin is still doing it's thing... moving sideways and holding up at around $11,800 USD. This area has a lot of support despite attempts by the bears to move things back down BTC isn't going anywhere just yet.

We are observing the 10 and 50 day moving averages closing their gap for the last few days now. Things still look bullish but if they get close and there is a cross it would indicate that in the short term the price may be moving down.


Screen Shot 2020-08-24 at 3.35.41 PM.png

Today that gap is $1,177 USD. We'll keep an eye on it over the next few days and continue to report on the distance these moving averages keep. We'd like to see this gap grow, but at the very least move together. Right now we're seeing the 10 day move sideways while the 50 day creeps up closer!

Keep watching the charts! 📈

Please note : this is opinion and should not be taken as financial advice.

#btc #crypto #price #chart #analysis #ma #movingaverages
4 years ago in #bitcoin by
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