Bitcoin Technical Analysis: IS THE BOTTOM IN?
![](https://steemitimages.com/640x0/https://mentormarket.io/workin/wp-content/uploads/sites/4/2018/11/Analysis_Logo-Resize-1.png)
Bitcoin was able to break back above the critical $4,000 price point. It’s currently trading around $4,160. We’re seeing an uptick in volume, with buyers stepping in when price pulls back. This is at least a temporary sign of strength.
![](https://steemitimages.com/640x0/https://backend.u.community/upload/post-image-1543431124817.png)
Looking at the daily chart, we can see price broke above the 8 day EMA. If the daily candle closes above the 8 day EMA, it’ll be another positive sign the bulls are strengthening.
![](https://steemitimages.com/640x0/https://backend.u.community/upload/post-image-1543431241656.png)
![](https://steemitimages.com/640x0/https://backend.u.community/upload/post-image-1543431404803.png)
![](https://steemitimages.com/640x0/https://backend.u.community/upload/post-image-1543431413872.png)
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/@workin2005) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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Are we talking about THE bottom or an intermediate bottom??...
Temporary. Until we see CONSISTENT daily volume above $10 billion, I’ll remain skeptical of the sustainability of any spike in price.