Bitcoin Testing Major Technical Support

in #bitcoin • 6 years ago

Bitcoin has been trading in an increasingly narrow range with shallower and shorter lived rallies:

Bitcoin_Daily_1.15.2018.png

In addition, for the first time since September the 20-day moving average has crossed below the 50-day moving average. Support at $12,800 is crucial, with a break below this level indicating a move down to at least $11,000 (December crash low) is imminent.

#crypto #cryptocurrencies #charts #support
6 years ago in #bitcoin by
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