BTCUSD is testing its 200 day moving average right now for the first time since the break above it in early April 2019, hitting a support zone:
- 200 day moving average
- 2019 uptrendline
- An uptrendline from 2015 which has already been broken and recaptured, now acting as support
It is the first test of the 200 day moving average from above since March 2018,...
In the analysis of the daily BTCUSD picture below, I mentioned the uptrendline from 2015. Let's add the weekly chart to have a better view of the long-term uptrend.
Though trendlines once broken (end of 2018) lose significance, this one was recaptured (mid 2019) and is a very interesting long-term trendline to keep in mind as it goes back to the 200-250 USD...
