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BTC/USD: Tests 50-Day EMA as Volatility Roars Back
Bitcoin continues to be very noisy overall, and Monday wasn’t any different. At this point, we are at an inflection point, as the trend is under threat. Bitcoin continues to be very noisy during the trading session on Monday, as we had plunged quite significantly, but since then, we have seen Bitcoin rally quite nicely. The question at this point is whether or not we have enough momentum to continue to the upside, and while it certainly looks like that on Monday, I don't know how long this rally lasts. I'm still not completely convinced, but it is worth noting that the $60,000 level is an area that a lot of people ... (full story)
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