Price Commentary - Bitcoin - 14th March 2019

Commentary by Jackson Zeng, COO Caleb & Brown

Bitcoin: USD $3,851��(14��Mar 2019 2:53 pm)Another steady week for Bitcoin. This week we ranged from $3,770 to $3,950, consistently maintaining above the 50 day��EMA.However, it looks like margin long positions are closing while shorts are opening as the two are currently converging. This would indicate to me that several traders are showing a lack of short term confidence in Bitcoin sustaining current price levels.��RSI continues to remain neutral.

A positive note is the absence of a rapid retracement when the price encroached toward the $4000 price tag, but it�۪s likely too early to tell. Once again, we�۪re paying close attention to the band between the moving averages and the $4000 level in the coming weeks.Buy Bitcoin and 100s of other cryptocurrencies with Caleb and BrownWhether you are new to the market, or a seasoned trader, Caleb & Brown can help to realise your goals. Call us on +61��1800 849 149�� or Contact Us to discuss further.

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