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Bitcoin staying below its 100 hour moving average. Bearish bias in the short term.

Bitcoin staying below its 100 hour moving average. Bearish bias in the short term.
Bitcoin is trading currently at $27,379. The low price reached $27,045. The high price was at $27,998.Looking at the hourly chart, the high prices during trading today today tested the falling 100 hour moving average currently at $27,709. Sellers leaned near that moving average level (on 2 tests), and in doing so, kept the bias from a technical perspective to the downside. With the moving average holding, it increases the levels of importance going forward. Move above and we should see upward pr... Read More
Posted: Apr 24 2023, 16:46
Author Name: forexlive
Views: 110774

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