Hello, dear members of LeoFinance!
Today, I want to point out one very interesting formation in the price chart of Bitcoin.
In the daily chart (1D), BTC/USD has been struggling to resume the uptrend, currently, consolidating within the Ascending channel:
As can be seen from the chart, currently the price is fluctuating between the 30-day Moving Average (MA 30) and 90-day Moving Average (MA 90). Hopefully, these MAs will support the price of Bitcoin and the trend will resume soon.
To be continued ...
As of the time of writing, one Bitcoin costs $56,245.17 on the Bitstamp crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for last almost 15 years, and as a cryptocurrency analyst for last almost 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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