Potential Uptrend Says This Week’s Crypto Technical Analysis

2019-4-25 12:19

BTC managed to continue rising and make another local high, which signals a potential uptrend. Many say the most important sign will be the 500 and 200 SMA crossover. Still,...

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Bitcoin Price Analysis: Potential Reaccumulation Could Test Bear Trend

Last week, after a devastating move that shook the market violently up and down for a 7% move in just a few short minutes, bitcoin saw a major sign of strength as it proceeded to have a slow, but steady markup where it managed to establish a local high in the $6,800s:Figure 1: BTC-USD, Hourly Candles, Shakeout Prior to MarkupThis shakeout forced the market to temporarily establish a new monthly low in what could be argued to be a stop-hunt prior to the move to the $6,800s.

2018-9-24 21:29