Bitcoin - Ready to touch 100-Day MA!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The significance? Every previous bull-run had a prior hit/touch at the 100-day(Blue) moving average, with a few at the 50(Green). Bitcoin attempted to make a bull-run recently from the 50 and failed, hence why it's pulling back for a reattempt from the 100.

We'll continue to see downward movement until Bitcoin hits the 100-day moving average and signals an "On-Sale" indicator to investors - Pushing Bitcoin higher and possibly through resistance to new highs.
If it fails again we'll see even more downward movement.

Earliest touch day in path of fire: 17 Feb - $10700

The majority of the market will continue to move with Bitcoin's direction.
What's the orange line below the 100 day moving average?
"Earliest touch day in path of fire: 17 Feb - $10700 " Assuming you meant 17 Jan? I see you wrote 17 Feb in 2 places though...
uBlinked Weavs844
@Weavs844, I did mean 17 Jan! Thank you!
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