Rising 200 day MA, long term uptrend. Provided support at recent spike-down.
Also rising support line (intermediate-long-term) in same region, high 500's.
Previous forms have similar "look"
Fundamentals: Currencies around world continue to suffer due to currency wars. BTC is global currency, limited circulation, and is high-tech. Adoption and volume continue to grow.
Theory is some consolidation down to the high 500's finding support at either the 200 day MA and/or rising trendline, then next leg up.
Also rising support line (intermediate-long-term) in same region, high 500's.
Previous forms have similar "look"
Fundamentals: Currencies around world continue to suffer due to currency wars. BTC is global currency, limited circulation, and is high-tech. Adoption and volume continue to grow.
Theory is some consolidation down to the high 500's finding support at either the 200 day MA and/or rising trendline, then next leg up.