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Aug 21 - 04:55 AM
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Bitcoin - Breaks Above 200-Day Average As $78,000 Resistance Comes Into View
By Jeremy Boulton — Aug 21 - 02:39 AM
• Bitcoin gains almost 17% in just three sessions
• BTC surges from $64,112 to $75,726
• Rally accelerates on move over 200-DMA at $68,963
• The 200-DMA defined Thursday's low now underpinning Bitcoin
• May highs around $78,000 and big nearby fibo now in focus
• $77,462 is 78.6% May-Jul drop - extension to $82,833 likely if broken
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Bitcoin
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters