Bitcoin technical analysis: The snap correction stalled at MA resistance - ConsultFX

Bitcoin technical analysis: The snap correction stalled at MA resistance

Be aware... Most already know that bitcoin not only cracked $10,000 but also $11,000 yesterday. The price reached a peak of $11,434, and then fell to the 200 bar MA on the 5 minute chart (green line in the chart below), rallied higher, but turned around and fell to a low of $9,019. That's a 21% Copyright 2015 Forexlive.com