Bitcoin is touching the 350 MA. If it crosses the line and moves down further then the bear will go stronger. Estimated range 6k ~ 7.5k
Market Cap: $114,859,023,365
Gain: -3.43%
NOTES:
Theory:
Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns.
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
https://en.wikipedia.org/wiki/Technical_analysis
