Bitcoin Price Alert: BTC Shoots Past 50 & 100 Day EMAs - A Trend Change?

Bitcoin Price Alert: BTC Shoots Past 50 & 100 Day EMAs - A Trend Change?

BTC price at press time: US$248.00. Bitcoin has finally broken above the noted 50 day Exponential Moving Average (EMA) at US$233 and done so with force. It now also sits above the 100 day EMA (~US$241) 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.


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