BTC/USD: Price is Extremely Bullish Above 123,000

BTC/USD: Price is Extremely Bullish Above 123,000

From dailyforex.com

The BTC/USD pair remained on edge after hitting a crucial resistance level on Monday morning. Bitcoin was trading at 118,820 on Tuesday, down from this week’s high of 122,435. It remains about 60% above the lowest level in April this year. BTC/USD Technical Analysis The daily timeframe shows that Bitcoin price is sending mixed signals, a day after it neared its all-time high. On the positive side, the coin remains above the 50-day and 100-day Exponential Moving Averages (EMA), which have provided it with substantial support in the past few months. Additionally, the coin is nearing its all-time high of 123,200, ... (full story)

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