100/200 hours MA test
The price of Bitcoin is on the rise. It is currently trading around $ 14,300 and $ 36,180. That’s a gain of 4.16%.
The high price just hit $ 36,454.59. The low price was down to $ 32,359.20.
Looking at the hourly chart above, the rise in price pushed the price up to test its 100 and 200 hour moving averages. The 100-hour moving average is currently $ 36,161.92. The 200-hour moving averages at $ 36,880.04. A move above these levels would tip the bias further upward. Staying below gives short-term sellers more control despite the higher upside.
Key test for buyers and sellers.