Get started
Bitcoin

$BTCUSD (Bitcoin / USD) – Reclaiming 10/20-Day Moving Average Is

By jfsrevg
BTCUSD (Bitcoin / USD) – Reclaiming 10/20-Day Moving Average Is a First Sign Of Strength

Bitcoin (BTCUSD +7.52%) rebounded from $18,900 support level reclaiming posture above its 10/20-day moving average. It is worth to note that BTCUSD is now trading beneath its declining 50-day moving average.

The level of support to watch for BTCUSD this week remains at $18,900, a immediate support before reaching its year till date low $17,590.

Bull Case: Reclaim above its existing 50-day moving averages at $22,000.

Bear Case: Breakdown of $18,900, a immediate support before reaching its year till date low $17,590.
BTCBTCUSDbtcusdanalysisbtcusdlongbtcusdshortChart PatternsFundamental AnalysisjeffsunjeffsuntradejeffsuntradingTrend Analysis
jfsrevg

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.