Bitcoin Price Weekly Update

Discussion in 'Cryptocurrencies' started by MrKJoe, Nov 15, 2019.

  1. MrKJoe

    MrKJoe

    Currently supported by the 200-4H SMA
    The “king of cryptocurrency” started the week hovering at a strong support level around $8,633.29. Coinciding with the 200 SMA at the 4H chart. On Tuesday, there was a positive tone dominating the BTC across the board, but it was far from reaching new highs.

    The current movements are part of a narrow range established at the end of October. Clearance is pending in the coming days, according to the current time frame. Moreover, Bitcoin still fails to reach the strength seen in the demand zone of around $7,761.78. Which acted as a strong barrier to block the bears’ advance.
     
    Trader Curt likes this.