BITCOIN Daily Holding 12 EMA SupportsteemCreated with Sketch.

in #bitcoin • 5 years ago

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BTC is still holding the daily 12-day EMA support line. We've been holding this support for over a month. We've been holding the 26-day EMA for longer than that! So, what does this mean? Well, uptrend still!

The weekly chart is still way above these levels. So, longer term, this does mean a test will be needed at some point. Support for the weekly chart, based on 12 EMA and price action supports is still $6,800. I think this will get tested, definitely.

Things still seem sideways overall, so we will still be looking for more bulls to show up and continue this upside!

Hope you all had a great weekend!

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#ethereum #litecoin #steem #cryptocurrency
5 years ago in #bitcoin by
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