Bitcoin Proce Analysis (25th April 2018)
As 9,185 broke, the 1D MA20/50 cross is pushing the price towards a 8,350.87 support test. 1D is getting sold aggressively (-8.00%) on above average volume (81.08K). 5H is on a succession of red candlestick formations (Doji Star, Abandoned Baby) but still on neutral RSI= 50.145, STOCH = 53.267, ADX = 50.640, CCI = -42.8442, indicating that the bottom is near (8,350.87). This is also the 38.20% Fibonacci retracement level on a still bullish 1D (RSI = 58.688, MACD = 288.000). I stick to my early June target.
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