After quite the move over the past week the best thing we could see from Bitcoin is some consolidation and even some backing and filling would be fine.
Digestion is a Positive
Price get away a little and become overbought so if it can bounce around the 8,800 to 9,200 level for a few days it would be healthy and let the 10 period moving average catchup, which is what I like to use for a short-term gauge of over extension.
As you can see in the chart the 10 period has been left far behind and if you look back price always
A Bitcoin Breather is in Order
June 18, 2019
Published by timm
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