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RE: Bitcoin BullISH crossover happening now

in #bitcoin6 years ago

Past price don't influence future price.

Although, if read correctly, chart can give show key points and treds.

A simple moving average crossing doesnt indicate much, unless paired with other stuff.

The recent moving averages are only saying that the market is moving sideway, an there is no clear trend yet. It still a shot in the dark to guess Wich side BTC price will go.

But, if BTC price crosses the 9.5-10k levels, Wich is a well known resistance point, then we might have the beggining of a new bull run.

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