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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...
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Posted: Apr 24 2023, 16:46
Author Name: forexlive
Views: 110774