Bitcoin Analysis for 2019-10-22 [Premium]

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Bitcoin is trading inside a descending wedge. It has been trading without significant volatility for the past three weeks. In a long-term view, we believe we are approaching the bottom. We do not believe the price will break down from this descending wedge. Highlights The cross between the 100- and 200-day moving averages (MA) will determine the direction of the trend. Currently,
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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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