Bitcoin Analysis for 2019-10-21 [Premium]

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Bitcoin looks to have begun a short-term upward move, which we believe will not go higher than the resistance line of the descending wedge. In a long-term view, we believe we are approaching the bottom. Highlights The 10- and 20-week moving averages (MA) have made a bearish cross. BTC has found support above its 100-week MA. The price is trading inside a descending wedge.

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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