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BTC takes out 50 Day and next comes the 200 Day
The gains seen in Bitcoin today have been covered by a couple of updates here and since the last one of those, the lead coin has surpassed any possible resistance in place at the price of the 50 day moving average. That was rising with the price action and is currently in place at 27,246. The high seen so far has not long ago been set at 27,418. It has backed off a bit now, but as I write it is still above that 50 day moving average. Now, should it extend even more, we do have an even more important, potential technical resistance level a little higher up. That is the still rising 200 day moving average. That is right now at 27,717. Bitcoin is currently trading at 27,330
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