Tuesday, October 22, 2019
8000$ is becoming the support to follow in the long term.
00:00 UTC
CyBorg Predictor
SwissBorg Community
Current support/resistance: $8'200/$8'300
After the positive surge at the beginning of the week, the Bitcoin stabilized above $8'000. This translates into lower volatility and a RSI (which indicates whether the last few days have seen an imbalance between buying and selling) in a neutral region. In the medium term, the price has risen above the 20-day moving average. A bullish signal. However, the price is still far from the 200-day moving average. Key level to hope for a long-term trend reversal.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
Disclaimer: This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice. Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes. Copyright © 2019 SwissBorg, All rights reserved.