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crypcento
Aug 20, 2020 8:48 AM

BTC is still in the upward moving trend Long

Bitcoin / U.S. dollarBitstamp

Description

BITSTAMP:BTCUSD

The price has been keeping above the bollinger band basis, and if the price keeps above the current 24 DMA support line, the upward trend will continue to attempt previous highs.

Comment

The key level for upward transition is 24 DMA. Daily close price has to be in a near value to it. If not, we may enter a consolidation period for some days as the bollinger band has narrowed its width.
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