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Bitcoin news

#1
By 
Vildana Hajric

November 13, 2019, 12:01 PM EST
  • Trading range between 50- and 200-DMA is narrowest since June
  • Bitcoin has already dropped below its 50-day moving average


[Image: 360x-1.jpg]
Photographer: Akos Stiller/Bloomberg
As Bitcoin’s recent rally cools, technical signals suggest the biggest cryptocurrency could face further headwinds ahead.
The trading range between Bitcoin’s 50- and 200-day moving averages has diminished to its narrowest since June, potentially indicating that an inflection point may be on the horizon. Though Bitcoin’s already fallen below its 50-day moving average, a drop below the 200-day could trigger a sell signal.
[Image: 360x-1.png]

Reply
#2
(11-18-2019 05:32 PM)Edresiapaps Wrote: By 
Vildana Hajric

November 13, 2019, 12:01 PM EST
  • Trading range between 50- and 200-DMA is narrowest since June
  • Bitcoin has already dropped below its 50-day moving average


[Image: 360x-1.jpg]
Photographer: Akos Stiller/Bloomberg
As Bitcoin’s recent rally cools, technical signals suggest the biggest cryptocurrency could face further headwinds ahead.
The trading range between Bitcoin’s 50- and 200-day moving averages has diminished to its narrowest since June, potentially indicating that an inflection point may be on the horizon. Though Bitcoin’s already fallen below its 50-day moving average, a drop below the 200-day could trigger a sell signal.
[Image: 360x-1.png]

Reply