BTCUSD Analysis: The 10-Day SMA

LMAX Group Research Desk LMAX Group

Bitcoin has traded up to incredible levels over the past several days, with the price action resulting in violently overbought technical readings. The market is screaming out for a major adjustment to the downside, with the even the shorter-term 10-Day SMA quite a ways off from levels seen on Thursday.

In this analysis, we take a look at Bitcoin each day, highlighting all of the need to knows for anyone looking to extract up to date information about major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding the crypto asset, looking for an idea of where they may want to consider making that next conversion.

The cryptocurrency update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.

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LMAX Group Research Desk

LMAX Group

LMAX Group is a dynamic, visionary and award-winning financial technology company.

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