Bitcoin Price Movement Due

Bitcoin Price Movement Due

Bitcoin price trend remains up but a downward correction prior to the next wave of advance remains likely. We’re waiting for price to either surge higher or make a surprise downward correction but the market’s uncertainty to choose a direction keeps price action on a tightrope. Overhead is the 1hr 200MA and below a support zone near $600. We have MACD ready to pop above zero and its signal line (magenta circle) – a bullish indication. The stochastics (blue circle, top) are rising from their minimum which is also bullish. Of course, we’d like to see an explosive upward price move here, but....


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