Bitcoin Price Analysis: Too Fast, Too Furious, Consolidation Needed (Week of July 13)

Bitcoin Price Analysis: Too Fast, Too Furious, Consolidation Needed (Week of July 13)

BTC price at press time: US$285. Last week’s price alert began with: “Price had been consolidating above the 50 & 100 day EMAs for some time after breaking above them, which was a bullish sign. Now price is right up against resistance at the 200 day EMA (~US$271) and looking to break above it. Doing this should pave the road for a test of the US$300 area. Something else bullish is also occurring. The 50 & 100 day EMAs are about to make a bullish crossover. This is what one wants to see if a real bullish picture is to emerge. Right now, the 200 day EMA is above the 100 day, which is above....


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