Bitcoin day update: 26/03/2018
Bitcoin (BTC) still continues in its triangle formation, prices have been adhering to the rule. It is quite likely that prices continue to float until the triangle is completed next month, where we will see the final result of the fight between bulls and bears. If the bulls beat the bears, we can search for values above USD $ 11,500.00 and otherwise, if the bears beat the bulls, we can search for values below USD $ 7,200.00.
For today, prices have continued to fluctuate between $ 7,700.00 to $ 8,300.00. At the time of the posting the price is in USD $ 7,962.00; it is quite likely that the values will decrease a bit, we can see this result through the MACD, moving averages and other tools.
For future viewers: price of bitcoin at the moment of posting is 7904.10USD
Nice TA, and I agree, Bitcoin needs to break the 11.5 - 12k area for confirmation of a bull market. Otherwise we need to hold the lower log support line at 7500. Followed you since I do crypto TA updates as well!
Okay. I'll follow you too, I'll be doing more updates soon.