The observed percentage gain is the largest observed in more than a month.
Current support/resistance: $8'000/$8'200
The MACD lines, which are defined by a short and a long moving average, have just crossed each other indicating a potential change in momentum. In addition to this bullish indicator, the RSI has returned to a more neutral zone and the price of Bitcoin seems to confirm support above $8000. If buying pressure and volumes increase and the price manages to rise above the 20-day moving average, this upward momentum could be confirmed. Otherwise, it is likely that the support at $8'000 will be tested again with a significant risk that the price will fall below it.
Disclaimer: This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice. Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes. Copyright © 2019 SwissBorg, All rights reserved.