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BTC/USD: Looking for Momentum

From dailyforex.com

We've gone back and forth during the session on Wednesday as the Bitcoin market doesn't really know where it wants to go yet, but it is in a range, if you will, as we continue to hang around the $105,000 level. The $105,000 level, of course, being halfway between the psychologically crucial $100,000 level, and the psychologically crucial $110,000 level, area that had been a double top previously. I'd also point out that the 50-day EMA currently sits just above the $100,000 level, so I think that makes it even more interesting. When you look at Bitcoin, over the course of about six weeks, we gained about 40%, and ... (full story)

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  • Category: Technical Analysis