Bitcoin Price Analysis 4–14–2018 (Mini-Update)

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Bitcoin’s price back to that $7.8k, so it looks like its channel trading at the moment back and forth between the two resistance/support points. I figured this would happen before one thing or another gives.

.That maroon line in that picture is the EMA-200.

See how the price is bumping up against that? It’s holding support really sturdy right now.

Volume here (at the bottom) another thing that’s making me think that the run is starting to taper.

Source: http://www.rediff.com/money/special/trading-volume-what-it-reveals-about-the-market/20090703.htm

I obey those rules religiously when it comes to trading because they’re almost always universally right.

This is what I ultimately think will happen with the price over the next few weeks.

It could either go up or down. It depends.

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