BTCUSD Continues Moving Sideways

BTCUSD CHART PRICE – BTCUSD DAILY

For the last 7 trading sessions Bitcoin has been trading between 10,600 and 10,850 which is not what we are used to for this cryptocurrency, the markets are still undecided and settling for now, we have not seen big movements lately but with Bitcoin there can always be a trigger and volatility could skyrocket, we see that the bollinger bands are getting narrower and high volatility is not expected, the price trades inside the Ichimoku cloud and that can be seen an uncertainty, the moving averages are about to make a cross that indicates an uptrend and that could trigger that high volatility, however it is too early to make a prediction, the support at 10,638 seems to be strong and the price has not been able to break that support in a while, stay alert and keep an eye on this pair as it could have big movements very soon.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.