Bitcoin's 50-Day Average Anchors Oct. 20 Technical Analysis
Photo: TokenPost
On Oct. 20, Bitcoin (BTC) was below a daily ascending trendline while its candle bodies remained above the 50-day simple moving average. Some candle wicks dipped through the average, and the daily Stochastic RSI had begun turning higher after reaching the bottom of its range. On the four-hour chart, BTC was inside a wedge near the lower edge of an upper parallel channel, with price also holding near a rising channel. The four-hour Stochastic RSI was declining, and the RSI appeared close to slipping beneath a descending trendline.
Source: TokenPost
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