Tracking Bitcoin Movements - Bulls And Bears Fighting!

campfire (48)in #bitcoin • 4 years ago (edited)

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We're tracking Bitcoin's movements closely and despite a push downward today from the Bears we can see the Bulls have established support lines all through $11,000 USD.

At one point today, Bitcoin dropped to nearly $11,100 before being pushed back up where it sits now around $11,370.

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We're watching the gap between the 10 and 50 day moving averages closely. Today the gap shrunk to $1,078. That's nearly $100 dollars smaller now than yesterday. If a bearish cross were to take place at this current rate we would see it happen in 10 to 11 days.

So, with that said we expect that Bitcoin will continue to play this game of up and down in the short term as the bulls and bears fight around the support levels between $11K and $12K.

We'll continue to monitor!

Keep watching the charts! 📈

Please note : this is opinion and should not be taken as financial advice.

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