Bitcoin (BTC) Price Analysis: Correction or Continuation Next?

Bitcoin is testing the bottom of its descending channel seen on the 4-hour time frame and looks due for a bounce. However, this might merely spur a correction to the area of interest that lines up with the channel top around $6,200.

Applying the Fibonacci retracement tool shows that the 61.8% level is closest to this resistance, which is also near the dynamic resistance at the moving averages. The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Applying [+]    Fibonacci [+]    SMA [+]   

More #news: