CryptoTough

Bitcoin Stalls at Its Descending 50 DMA

COINBASE:BTCUSD   Bitcoin
Bitcoin has been climbing a wall of worry throughout March and early April. Stalling at its 50-day moving average makes sense as it's becoming slightly overbought. BTC needs to consolidate at its current range between 6800 and 7400 before moving higher. Placing a stop below 6800 is advisable.
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