In the stock market, the introduction of index funds is a popular move. Why? It attracts many new investors because it is easier to invest and bring more profit than most hedge funds.
Here is my analysis. If I'm wrong you can point out, thanks!http://bitcoinvietnam.info/wp-content/uploads/2018/04/btc-usd.pngBitcoin has barely reached any platform after exiting the descending channel on April 12. It is trapped between both moving averages. The bears are protecting the SMA for 50 days, while speculators are buying the 20-day EMA.
If the BTC / USD does not break out of the 50 day SMA within a few days, traders may increase their stop to breakeven or can close their positions. Failure to exceed the upper resistance will attract sales, which may cause the digital currency to return to $ 6,757.
If the price passes the 50 day SMA, then it could rise to $ 9,400, then it could rise to $ 10,000.