Bitcoin Short-Term Update

I believe that Ethereum and Bitcoin will continue to move together.

Here we have some mixed signals short-term but still good potential to see higher prices.

BTCUSD is now trading above EMA10.

• Closing above this level favors the bulls.
  
• Moving below it favors the bears.
  

We have two long lower wicks printed recently signaling that the selling pressure is being quickly bought up.

Talks of more stimulus money are on-going, which is bullish for Bitcoin and the Cryptocurrency markets.

Do your own research before you trade.
This is not financial advice.

Namaste.

評論:

Support broke... Lower prices now confirmed!