Bitcoin continues to find strong resistance at the daily 50 MA, a line that it has been trading above since September when price was around $26,000. We often see these small deviations below, with price making a move back above, so I am not giving this too much weight. But we want to see price back above sooner than later if that is going to happen.
Otherwise, we are really sideways at the moment, waiting for more direction.
Otherwise, we are really sideways at the moment, waiting for more direction.
scott.melker@texaswestcapital.com