Recently, the price of Bitcoin closed above the 21D EMA, but still shy of the 20D SMA. With the price of Bitcoin ranging between the 20 day SMA and the 21 day EMA yet again, it certainly makes us wonder what happens next. The next week should help provide a lot more insight into the current trend. If we get rejected back down well below the 20 day SMA, then the bears are still in control in the short-term. TA Video by Benjamin Cowen.
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