Bitcoin surged up to $5,345 (Coinbase) before dropping back below $5,000. It’s currently trading around $4,945. Volume remains very impressive at $20.8 Billion for the day.
Price has decisively broken above the 200 Day MA, an excellent sign for bulls. Keep in mind that does NOT mean we won’t see a drop in the short term.
In today’s analysis I discuss where price may go from here, key areas to watch and so much more. I hope you find it helpful.
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!
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