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RE: Bitcoin (BTC) Evening Update: Long Term Support Has Held & Daily MACD Curling Upwards

in #bitcoin7 years ago

Price attempting to close above $8600 (yellow line) and break the daily trend line.

However, price met sell orders at $8500, knocking down price again. A good sign of a reversal would be if price closed above the daily trend line on the 4 hr chart...which is hasn't been down since 3/5/18 or at the $11600 level.