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๐Ÿ“ˆ Daily TA: Bitcoin (BTC/USD) | 03-12-2020

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@cryptospa
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Hello, dear members of LeoFinance!

The Bitcoin price chart is becoming more and more interesting! It has been trying to hit the psychological level of $20,000 but still, it hasn't been able. That's why we all probably constantly (100 times a day) check the price of Bitcoin to see if it has finally crossed the $20K-mark.

So, the $20K-mark is just a matter of time to be surpassed, because many technical indicators in the price chart of Bitcoin become more and more bullish. For example, today I want to show you that, in the daily time frame (1D), the 30-Day Moving Average (MA 30), the 90-Day Moving Average (MA 90), the 200-Day Moving Average (MA 200) (one of the key MAs) have surpassed their maximums from 2017-2018 (the key local high): In my view, this is a very solid bullish signal. So it is just a matter of time when Bitcoin will smash the $20K psychological level.

To be continued ...

As of the time of writing, one Bitcoin costs $19,470 on Bitstamp exchange, according to TradingView.


A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.


Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.


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