Bitcoin (BTC) Might Finally Be Out Of The Woods As Price Bounces Off Weekly 200 EMA

2018-8-16 17:00

Bitcoin (BTC) might finally be out of the woods this time as its price finds support at the 200 EMA on the weekly chart for BNC:BLX above in addition to its previous resistance turned support as well as the $5,800 support.

This confluence of supports makes it very difficult for the bears to push the price lower from current levels. RSI is already trading in a falling wedge and is all set to break out of it in the weeks to come.

Continue reading Bitcoin (BTC) Might Finally Be Out Of The Woods As Price Bounces Off Weekly 200 EMA at Crypto Daily™.

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