StockGuild

$BTC #Bitcoin In Bullish Progress Despite Slight 24Hr Downtrend

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BITFINEX:BTCUSD   Bitcoin
$BTC Has proven to spike right after a prolonged downtrend after an initial spike on numerous occasions last year. The SMA20 and the ExPA9 are also on an immediate bullish golden crossover which hasn't been seen since the bearish crossover in December. I expect the price of Bitcoin to begin its acsencion past 8.5K in the next 48 hours. After which the next major resistance level to break will be the 10.5K level which should be broken around the end of August.

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