Bitcoin Price Analysis Week of June 22: Consolidating Above the 50 & 100 Day Moving Averages

Bitcoin Price Analysis Week of June 22: Consolidating Above the 50 & 100 Day Moving Averages

BTC price at press time: US$243.25. The midweek price alert began with: “Bitcoin has finally broken above the noted 50-day Exponential Moving Average (EMA) at US$232 and done so with force. It now also sits above the 100 day EMA (~US$242) as well. It’s possible a change of trend could be underway, but it is still too early to tell. This move has been made on very small volume and On Balance Volume confirms this. If the trend is truly going to change, volume should ideally come in.” The price reached a high of ~$256 and has now come down to ~US$243 and thus far the price has been....


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