To declare the Bitcoin downtrend over, I'd like to see a genuine breakout above 25,000.
However, another positive for Bitcoin from a charting perspective is that the 50 day simple moving average is about to cross above the 200 day sma. This is referred to as a golden cross and can sometimes lead to big moves.
Technically, after such large falls as seen by Bitcoin, often assets require a longer period of base building before a sustained rally can occur. We'll have to wait to see if that's the case for Bitcoin.
- Forums
- CFDs
- Bitcoin
To declare the Bitcoin downtrend over, I'd like to see a genuine...
-
- There are more pages in this discussion • 121 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online