Tuesday, October 22, 2019
8000$ is becoming the support to follow in the long term.
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)
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