Bitcoin's rebound since last Friday has been quite impressive. The major cryptocurrency rose from a low point over the weekend at 53,350 to 58,266 at the start of the day. However, so far today it has failed to extend on that move. In fact, it's just back below 57k once again. The 21-day moving average (now at 60.059) has now crossed below the 50-day bearish and technically this isn't great news. Beyond that, the current price action is now clearly sandwiched between 100 days at 54.173 and 50 days at 60.753, but with a clear downtrend at the same time. #btc #bitcoin #ta
Bitcoin's rebound since last Friday has been quite impressive. The major cryptocurrency rose from a low point over the weekend at 53,350 to 58,266 at the start of the day. However, so far today it has failed to extend on that move. In fact, it's just back below 57k once again. The 21-day moving average (now at 60.059) has now crossed below the 50-day bearish and technically this isn't great news. Beyond that, the current price action is now clearly sandwiched between 100 days at 54.173 and 50 days at 60.753, but with a clear downtrend at the same time. #btc #bitcoin #ta