Bitcoin is below the 20 Period Moving Average. Probability of a breakout to the downside is high. Bitcoin must stay above the 20 Period Moving Average if it hopes to continue it's upside journey.
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Currently trading below the 20 Prd MA
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Bitcoin trading above the 20 Prd MA and passing the $11,375 price point is a good indicator of further upside price action.
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So far so good.
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Bitcoin now trading above the 20 Prd MA and has passed the $11,375 price point. More than likely it will continue its upside journey to 11.6K.
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Bitcoin continues to struggle to get above the $11,375 price point.
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Bears trying to sell but the bulls just buy the dips right up.
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Good recovery by the bulls.
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Bulls must now push the price up past $11,377 if they wish to continue this uptrend.
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Bitcoin breached the green support trend line and was below the 20 Prd Moving Average when it broke to the downside.