2018-7-29 17:57 |
1-Hour Chart Bitcoin 00 remains above the ascending trendline and is currently trading within a tight $200 dollar range along the $8,225 support which is also slightly above the 100-day MA.
At the same time, the 50 MA is also in the process of crossing above the 100-day MA.
If BTC falls below the bullish trendline at $7,984, a revisit to the $7,750 support could occur.
Again, a drop below the ascending trendline at $7,903 could drop BTC to the next support at $7,750 and $7,400.
A high volume breakout above the $8,476 (200-day MA) could extend BTC price toward $9,000.
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