Bitcoin is continuing to move sideways and currently priced at around $10,598 USD. Support lines are still strong above $10K while volume over the past month has been a bit low.
The United States will have a major election in the next month which might spur some movement in Bitcoin if it continues to move sideways long enough.
In the charts right now we're seeing much of the same indicators pointing to continuing sideways movement at least in the short term. We are watching the 10 and 50 day moving averages closely and have noticed that the gap between the two has shrunk significantly.
We don't foresee a cross happening this week but it could happen if BTC makes a sudden push up. At current levels it would only need to push up a little over $10,920 USD (an increase of $200 dollars) for a cross to happen. So, it's definitely something to keep a close eye on!
Keep watching the charts! 📈
Please note : this is opinion and should not be taken as financial advice.
