Bitcoin found stable ground and resumed growth
BTCUSD looks weaker than its "cryptobrothers" in the last two weeks.
However, after the new year, Bitcoin found support over $ 12,000 and resumed growth.
On the weekly chart, the rate pushed off from the fast moving average and today, jumped over the slow moving average on the daily chart,- BTC has already risen above $ 16,000
Now the bears have just one point to play from : $ 16,500 - local maximum on December 27, after which bitcoin again tested support on $ 12,000.
If the day is closed above $ 16,500, the growth may accelerate, as this is a strong technical signal to buy.
Recommendation: buy about $ 14,000 and in case the day closes above $ 16,500
#icex #bitcoin #cryptocurrency #investment #exchange #news #Analysis #BTC
(chart: https://www.facebook.com/ICEX.CH/photos/a.2118432098183105.1073741825.294213827271617/2216279625065018/?type=3&theater)
Our website: www.icex.ch
Topic: Bitcoin analysis (Read 76 times)
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