$BTC.X: Were not out of the woods yet
In order to confirm bullish action within BTC's price movement, BTC must regain control of its month-long uptrend. In order for this to happen, it must break to the upside of the white trend line at around $4,450. However, a golden crossover of the 50-day and 100-day moving averages occurred the time of BTC's 10% price pump the other day, indicating the possibility of continued bullish momentum. In addition, BTC is currently sitting pretty directly above its 50-day SMA, signaling that its current price level may be acting as a floor of support.
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