Bitcoin Price Analysis Jan.3: BTC Is Facing a Tough Long-Term Resistance (MA-50)
Over the past two days since our last update, we can carefully say that 2019 is doing well to the cryptocurrencies: Led by Ethereum, most of the altcoins saw nice gains, while Bitcoin is (again) on the upper side of the $3700 – $3850 remarkable range.
Bitcoin broke up all the three moving average lines – 50, 100 and 200 days (4-hour chart) in its way to mark $3918 as the current daily high.
Looking at the 1-day & 4-hour charts
BTC/USD BitStamp 4-Hour chart
BTC/USD BitStamp 1-Day chart
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