Bitcoin is stubbornly testing the 38.2% Fibonacci ratio of the long 19,384-3,187 bearish wave for the fourth consecutive session that the bulls failed to successfully breach a year ago. While the slowdown in the red Tenkan-sen and the blue Kijun sen could be a warning sign that the bullish action may soon fade, the market could chart another rally if the MACD continues to trend higher and above its red signal line. Crossing above the 38.2% Fibo of 9,331, nearby resistance could be detected around 9,762, taken from the peak on April 2018. Should the market beat the 10,330 congested area too, the door would open for ... (full story)