Keystone Charts – Bitcoin

in #cryptocurrencybitcoin • 7 years ago (edited)

Bitcoin

Coinbase said it was releasing a service for merchants to accept cryptocurrency.

South Korea is willing to focus on transparency in digital assets, rather than outlaw it entirely. Good news there this week.

Last week US regulators seemed lenient in their approach to crypto, would like to find protections for investors in the cryptocurrency space.

Bitcoin Real Time Index is testing the 100dma as we expected after getting a bounce off the 200dma area.

11,000 is the initial Fibonacci retracement area and may be an area for some consolidation once there.

Feb CME Bitcoin has risen +72% from the low and is above the vwap and s/t trend line.

March XBT has risen +75% from its low on weak volume.

By MrTopStep

https://www.investing.com/analysis/keystone-charts--bitcoin-200291573

7 years ago in #cryptocurrencybitcoin by
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