Bitcoin Price Above $600
Bitcoin price was drawing close to its 4hr candle chart 200-period moving average (200MA). A surpise break above this level opened advance yesterday. Exactly the sequnce of events we wanted to see in the chart. Price is advancing above $600 and 4hr MACD (just above price) confirms the advancing move as it pushes above zero and its signal line. It’s hard to conceive how the market will now reverse trend into decline. The declining scenarios mentioned during the past two weeks are negated by the massive volume required to push price $25 higher in a single candle. Ongoing advance is the most....
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