Bitcoin finally made a move! It's currently sitting up around $10,900 USD. And this recent move is great considering we haven't quite seen the golden cross of the 50 and 10 day moving averages yet...
If we can keep moving up steadily as a cross begins to happen, we will expect to see things move up as it would be a very bullish signal! 馃悅
The charts are showing us what we expected (and hoped for). We are watching the moving average gap between the 10 and 50 day lines shrink and a continued price build up should mean a cross very soon.
The volume in buying has increased some in the last day and it's seemed to push us into the upper band now of the Bollinger bands. This is fine as long as we don't push out of the upper band too much as that signals that we might be overbought.
At the moment the way things are moving is perfect! Of course that could change tomorrow! 馃槈
Keep watching the charts! 馃搱
Please note : this is opinion and should not be taken as financial advice.
