2018-12-21 09:56 |
Yesterday, December 20, the price of Bitcoin was in a bullish trend. The BTC price is making a series of higher highs and higher lows. The price of Bitcoin is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The 12-day EMA acted as a support for the price of Bitcoin as the resistance level of $4,000 has been broken.
The crypto’s price is now trading above the $4,000 price level. The Stochastic indicator is below the 80% range which indicates that the BTC price has a bearish momentum and a sell signal. On the upside, the price of Bitcoin is expected at the $4,500 and $5,000 price level but Bitcoin will face resistance at the $4,300 price level. On the downside, if the price of Bitcoin retraces and breaks the 12-day EMA and the 26-day EMA, the price of Bitcoin will resume its downward trend.
BTC/USD Short-term Trend: BullishOn the 1-hour chart, the price of Bitcoin was in a bullish trend. The crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a sell signal. The Stochastic indicator is above 20% range which indicates a bearish momentum and a sell signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Similar to Notcoin - Blum - Airdrops In 2024
Bitcoin (BTC) на Currencies.ru
|
