Bitcoin Touches 50-Day EMA Get our analysis here: Forex Cryptocurrency Bitcoin
Enter your emailWe have a long way to go before we change the overall attitude of the market.This is sitting just below the $44,000 level, and we have seen a big move over the last couple of days that has caught a lot of attention. The question now is whether or not we will continue to go higher, or if we need to pull back. There is even the possibility that this was just simply a bit of a “dead cat bounce.
Pay attention to the US dollar, as that could also have a certain amount of influence, but at the end of the day I think we are more likely than not to find one reason or another to try to recover. However, keep in mind that there are a lot of concerns out there economically, and if we get a sudden “risk off” type of situation, that works against
in general, not just Bitcoin. We have had a couple of really good days, and that certainly is something to be happy about. However,I would love to see more basing in this general vicinity to try and calm nerves, because that is what we need at this point in time: a bit of stability in order to bring more money into the market.
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