Bitcoin Stalls At 50 DMA
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If you look at the 50 day moving average for BTC, , you'll see that it has flatlined. Yesterday, when the price surge occurred, it immediately stalled at the 50 DMA. I would get excited about any type of rally until BTC can move about and hold the 50 DMA. This may just be a shakeout, which really wouldn't surprise me. We'll see if we can gain some traction here around 6300. Until a clear trend is in place, I'm staying neutral.
Nota
it should read... I would ''not'' get excited about any type of rally..
Penafian
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