Disclaimer

It is not a financial advice. The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.

Bitcoin Update

Bitcoin recently broke its major resistance of $40,000, and is currently moving around that price range. The question is what can we expect for it in upcoming months.

4H-Golden Cross

The 50-days MA is about to cross the 200-days MA which is know as Golden Cross is about to happen in a day or if BTC keeps near the $40k range which would indicate a good price jump for Bitcoin which could test $48k-$50k level

1D-Death Cross

In the 1Day time interval the the 200-Days Moving Average is about to cut the 50-Days Moving Average which indicates a death cross i.e, Market Down Fall if it happens then there could be serious price dump in market and BTC could even test $20K-$22K level

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