JamesRennie

Watching for MA pass above support trend line.

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BITSTAMP:BTCUSD   Bitcoin
To stay bullish on Bitcoin need to see it stay above 21 weekly and above to $8500 trend line. The price is now above my previous trend line again though I have lost confidence in it staying as support. Another concern is that when the price dropped most recently we did not test the $8500 level it went back up before that. Though having a higher low is good news guessing that it is indeed a higher low is not a good idea.

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