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Bitcoin shoots higher and cracks back above MA levels

December 28, 2018 by admin 0 Comments

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Rises above 100 and 200 hour MAs at 3763.69 and 3874.56 respectively

The price of bitcoin has shot up about $300 over the last few hours after stalling ahead of the 61.8% of the move up from the Dec 18 low. The move has moved the price back above its 100 and 200 hour MAs. The price moved back below those MAs earlier this week and selling intensified. Now with the price back above, the bias shifts more to the upside for the digital currency.

ForexLive

This article was originally published by Forexlive.com. Read the original article here.