Bitcoin price GBP bounced off the 100-day simple moving average (SMA) on September 29 and broke above the descending channel on October 1. This move suggests that the downtrend could be over. The 20-day exponential moving average (EMA) has turned up and the relative strength index (RSI) has jumped into the positive territory, indicating that bulls have the upper hand.
More from Medium
How Are Bitcoin’s Hash Rate, Difficulty, Fees & Mempool Related?
Source Node: 909650
Time Stamp: Jun 8, 2021
Earning Money Is Damn Easy by Investing in Cryptocurrency
Source Node: 1018106
Time Stamp: Aug 8, 2021
Who Needs Bitcoin When You Can Print Your Own Legal Currency (Sort Of)
Source Node: 947251
Time Stamp: Jun 27, 2021
Performance of Grayscale Cryptocurrency Trusts (GBTC-ETHE-BCHG)
Source Node: 1003693
Time Stamp: Jul 30, 2021