2019-2-13 09:35 |
Yesterday, February 12, the BTC price was in a sideways trend zone. The price of Bitcoin is still above the 12-day EMA and at the $3,700 price level. The BTC price is above the 12-day EMA and the 26-day EMA and has the tendency to rise. On the upside, if price rises and the bulls break the $3,800 resistance level the crypto will reach the high of $4,000.
On the downside, if the bears break the EMAs, the crypto will be in the bearish trend zone. This will further lead to the depreciation of the cryptocurrency. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price likely to rise.
BTC/USD Short-term Trend: RangingOn the 1-hour chart, the BTC price is in the bullish trend zone. Yesterday, the crypto’s price fell to the low of $3,658.80;as the bulls break the 12-day EMA, the 26-day EMA and reached the bullish trend zone.
On the upside, if the price is sustained and the bullish trend continues, the bulls will break the $3,800 resistance level. Meanwhile, the BTC price is above the EMAs which indicate that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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