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Wednesday 23 May 2018

Bitcoin Closing on Long-Term Bear Indicator Not Seen Since 2014

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Following bitcoin's recent losses, a key long-term trend indicator is looking increasingly bearish. Notably, the five-month moving average (MA) has rolled over in favor of the bears and looks set to cut the 10-month MA from above - a bearish crossover that hasn't been seen since June 2014. If that occurs it could be a […]

via CoinDesk https://www.coindesk.com/bitcoin-closing-on-long-term-bear-indicator-not-seen-since-2014/

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