Hello everyone,
The current price of Bitcoin is $3865, with 24 hour volume leveling around 7.5 billion USD.
$BTC has closed every 4hr candle within a 3.5% trading range for over 4 days now .
The consolidation that is occurring could lead to an extremely pivotal move for the crypto markets.
Current analysis seems fairly simple: if $BTC can’t hold the 50DMA (~$3730) as resistance turned to support, then crypto markets may see new lows. The contrary stands should it remain intact.
If this post is older than 7 days, please support by upvoting my latest post 
latest post 
latest post
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by supsnehal from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit