Technical Analysis – BTCUSD escapes two-month lows; looks positive to neutral in short-term
Posted on October 16, 2018 at 8:39 am GMTAfter a deep fall towards the two-month low of 6029.42 last Thursday, BTCUSD managed to show a recovery only on Monday, posting a spectacular rally to climb as high as 6717, the highest since September 28. The market could see further improvement as the RSI fluctuates in bullish territory above 50 and the MACD strengthens to the upside and above its red signal line, though consolidation cannot be ruled out as the former holds around its 50 neutral mark and the latter stands around [..]