in

Bitcoin Dumps Again, Where Will It Find Support? – Medium Term Price Analysis

Today, July 14, Bitcoin (BTC) is taking another leg down after being rejected hard a few days ago at $13,000. We now consider where support may be found.

At the time of writing, an important exponential moving average (EMA) is supporting the leading crypto. Looking on a wide daily view, below, the 33 EMA (red) has held up Bitcoin’s entire 2019 price history.

(source: TradingView.com)

We can see this important level above, on the daily – and also see that Bitcoin is currently holding right at this level. Should this level ultimately hold, we can consider the same Bitcoin uptrend intact.

Zooming in a bit to the 12-hour, we see what has been considered at CryptoGlobe Markets a consolidation pattern, between about…

What do you think?

0 points
Upvote Downvote

Ryan Selkis: The US government sees Libra as a “bona fide threat”

Chinese Police Have Confiscated Illegal Mining Devices