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๐Ÿ“ˆ Daily TA: Bitcoin (BTC/USD) | 16-07-2021

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@cryptospa
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Hello, dear members of LeoFinance!

Today I want to outline something important on the price chart of Bitcoin.

In the daily chart (1D), BTC/USD has hit the 360-day Moving Average (MA 360): MA 360 (or for the period of one year) is very strong support for any asset. Hopefully, Bitcoin will receive enough support from it and the price decline will stop.

To be continued ...

As of the time of writing, one Bitcoin costs $31,764.97 on the Bitstamp crypto 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 almost 15 years, and as a cryptocurrency analyst for the last 4 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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