The post Is Bitcoin Going Up or Down? appeared first on Coinpedia Fintech News
Bitcoin is on a continuous rise since it touched $52,546 on September 7 last week. At certain points, it looked like BTC was going to fall back; however later it was clear that those dips were merely corrections. There were times when it even moved around 3% down, soon taking a recovery and continuing its upwards journey. Bitcoin even made a Golden Cross-over, but is that going to help it recover? Let’s find out.
Analyzing the Charts
Bitcoin faced a death cross over on August 28 at $61,930. This triggered a fall in its price. Crossing down multiple support levels, Bitcoin finally stopped at $52546. SInce August 28, the price of BTC has been moving under all the moving averages. It started to come over the MAs on September 8 which improved the market sentiment and on September 11 we saw a golden cross over. This is a very positive sign however, it is working to remember that this crossover
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