Bitcoin BTC Stalls Near It's 200 DMA - Bulls Disappointed

26 Tem 2018

It's really not surprising that a nine-day run in BTC is now pulling back after stalling near its 200 DMA. I keep seeing people calling for higher targets of 10,000, 12,000 or 24000 by the end of the year. Well, that 200 DMA is going to be a decent hurdle to get through before thinking about those targets. I am bearish until I see the 200 DMA breached to the upside or some consolidation.