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- 04/06/18 - Bitcoin giving back the weekend gains
Bitcoin giving back the weekend gains
Down -$247 today
The price of bitcoin rallied on Saturday and Sunday, and those moves took the price away from the 100 and 200 hour MAs (see blue and green lines in the chart below).
However, today is a different story.
The price action today is more bearish. The price moved below a trend line and back below the 100 hour MA (blue line in the chart above) currently at $7582.97. That MA is now risk for the sellers/a level to get back above for the buyers. Failure to do so, keeps the sellers more in control. On the downside now, the pair is...