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Bitcoin Consolidated to Touch the 10 Day MA and Rallied by scaredycatguide

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· @scaredycatguide ·
$53.68
Bitcoin Consolidated to Touch the 10 Day MA and Rallied
This video is another update on bitcoin price actoin.  After consolidating a few days we saw price spike down and touch the 10 day moving average on yesterday's doji candle.

The buyer's quickly took over and rallied price off the average and into higher territory today pushing above 57K.

The next topside target is still roughly 60K but I do like the price action we are seeing the past week.

I break it down in the video....

### BTC Price Action Strong Like Bull



https://youtu.be/uFxOwgzoX9Y

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vote details (340)
@bitcoinflood ·
Things are taking a bit of a hit at the moment but I have high hopes we will see some brand new breakouts here soon. The fever for crypto is just all too high and real right now to let up.

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@scaredycatguide ·
$0.11
You sound like a day trader man lol.  Things haven't done much in the past 24 hours, btc down just a little.  Blip in the context for the daily chart :-)

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@bitcoinflood ·
lol don't ever say that again!!! Nah I'm totally not a day trader at all been HODLin since 2011 :D But it always excites me still to watch price movements haha. Overall I know bitcoin will be 20%+ higher than what it is right now by end of year is my bet.
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@readthisplease ·
Nice analysis. I believe bitcoin will get to 60k soon because itโ€™s movement is looking like itโ€™s about to enter another wave of bull trend. 
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@scaredycatguide ·
yeah, the price action is very bullish right now.  RSI is on the higher end so that may need to work off after a push to 60k, but as long as we stay above 53K all is good.

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