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CryptoTough

Bitcoin - BTC Stalls at 50-Day Moving Average - Was Needed

Long
Bitcoin (BITFINEX:BTCUSD)  
CryptoTough  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD
8
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trendanalysis chartpattern indicator btcusd
BTC stalled at its 50-day moving average near 7400. This pullback is healthy and was needed as long as it doesn't go too far. Using a stop under 6800 will protect gains. It would be great if BTC could do some consolidation in this area, which I think is possible before moving higher.
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