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Bitcoin still on the side lines

18 Sep, 2020

Yesterday Bitcoin stood by and watched all the action that was going on around it, like some lone spectator at a covid-19, crowd impaired football match. The simple truth is that it went nowhere. The earlier failure to to get beyond the noted brick wall at 11,100 had clearly dented further enthusiasm, but there was little reason to sell it either. That was particularly the case as several of the lesser coins performed quite well yesterday. The price has not done very much today so far either, with 10,885 to 10,938 essentially covering it. Having said that, all the while it remains above the 10 and 21 day moving averages, then the immediate outlook remains technically positive. Those are in place right now at 10,606 and 10,770 respectively. Bitcoin is just now trading at 10,909

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