Bitcoin has held on to gains again as longer term technical signals start switching to green. An approaching golden cross could yield bigger gains if last year’s pattern repeats.
Bitcoin Holding Gains
The move above $9,000 this week is holding strong as bitcoin begins to consolidate here. According to Tradingview.com BTC touched $9,430 a few hours ago marking a new three month high.
BTC price 1 hour – Tradingview.com
Since then it has retreated a little to just above $9,300 but appears to be holding steady here at the moment.
Since Monday BTC has made steady gains adding 9% in just four days. Analysts have observed that the six month downwards channel has now been broken by recent moves and higher highs.
On the daily chart a golden cross is imminent with the 50 day moving average approaching the 200 day ma. The last time this…
Click to continue reading on its source location…