Why this bitcoin rally matters a lot. After bitcoin recently dropped just under 30K it managed to bounce and rally strongly towards the weekly 21 EMA. The fact that we did not break the support structure 28,600 level and that we held above support could likely be a positive sign for bitcoin. However, there is another important pattern we need to be aware of: the bounce to the weekly 21 EMA after a major drop. Is bitcoin out of the woods and if not, what are the likely risks? What can 2018 tell us about bitcoin's chart pattern? We look at the charts. Video by Alessio Rastani.
