Bitcoin

Bitcoin Price Action and DMA100x200 16 August 2021

1 382
Price of Bitcoin still going up, trying to make another swig high.
⚠ Looking at key Moving Averages (100x200) we can see price going above both MAs, but moving averages crossed in bearish order.
🟡 While price action compressing in Wedge shape, looking for breakout in support regions.
💚 Bullish note that price broke resistance line on Log scale too, this probably a good sign.

Best regards
Artem Shevelev

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