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BTC/USD: Bears Target 200-Day EMA
The Bitcoin market rallied slightly during the trading session on Thursday, to test the $112,000 level. The $112,000 level is a significant area that could offer a little bit of resistance due to the fact that we have already given back the momentum from that level, and the fact that it is a round figure. That being said, this is a market that will be paying close attention to the 200 Day EMA just below, because if we give that up, it could be a very ugly turn of events for Bitcoin in general.The technical analysis for this pair is rather ugly in the short term, but over the longer term we are still very much in a ... (full story)
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