Bitcoin Price Analysis: Price Thwarted at Key Resistance! Stay Bullish?
Last week’s article stated: The price ran right up into that resistance area, reaching a high of ~US$295 before retreating to its current price of ~US$285. It should find near term support at US$280. As price has risen, a bullish crossover occurred between the 50 & 100 day EMA’s, which gives further support the bullish trend. Although to get really bullish, the 50 day EMA needs to be above the 100 day EMA, which needs to be above the 200 day. That’s a real bull trend in the making. “If price gets back above US$270 and takes out US$273, a run for the US$290-$300 area is the next target.....
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