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Adam_Polinak

Bitcoin Holding Support on the 50 Hour Moving Average

Bitcoin (COINBASE:BTCUSD)  
Adam_Polinak Updated   
COINBASE:BTCUSD   Bitcoin
Moving Averages BTCUSD BTC
2
0
movingaverage btcusd btc
Bitcoin is currently holding support nicely on the 50 hour moving average. If it continues to hold, prices will move higher as you can see the 50 day has a nice upward slant currently. I believe it will continue to hold. I am currently neutral watching how the next few hours go. This is because bitcoin has popped when it has tested this support, but the rallies have become smaller the more it has tested.
Comment:
the 50 HOUR has a nice upward slant currently**
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