BTC/USD breaking out of downtrend and looking for support
Disclaimer: This is not financial advise! Trade at your own risk!
As we can see BTC broke the long downward trend and retested the trend line which is acting as support. At the same time we bounced from the 200 daily EMA and now trading below 200 daily MA. If we are to break the 200 MA and see the two moving averages cross in the future, we could be on our way to making a higher high (around 10300).
As we can see BTC broke the long downward trend and retested the trend line which is acting as support. At the same time we bounced from the 200 daily EMA and now trading below 200 daily MA. If we are to break the 200 MA and see the two moving averages cross in the future, we could be on our way to making a higher high (around 10300).