Bitcoin (BTC/USD) Up or Down? - Price between middle lines

Today we will analyze middle lines because they are key in the price of Bitcoin

Let's see

Analyzing the chart we see that the price of Bitcoin has fallen yesterday and has broken the support of the 21-day daily average line.

As of today the price is between the average lines of 21 and 50 periods daily chart.

The 50-period median line roughly coincides with the bullish trend line.

In these hours the price tries to break the resistance of the average line of 21 daily periods of not getting it would not be good news. The price would try to break the 50-period line and break it would go through the 100-period line, which is currently at $ 8,000.

The $ 8000 dollars would be a great support because several middle lines converge towards that price approximately.

If it breaks the $ 8000 it would be bad news for Bitcoin

To continue with an upward trend it is important that the price recovers the average line of the 21 periods daily chart and that the price closes today above $ 9500 dollars

What do you think Bitcoin up or down?

Why does the price go down?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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