Price is currently sitting on BOTH the 50 week and 100 week moving averages. Where we go from here determines whether or not the 50 MA will in fact cross up the 100 MA, and whether or not both of these moving averages will become either support or resistance. A cross up would be extremely bullish, it has only happened twice in Bitcoin's recorded price history and both times lead to massive run ups. Until we see what happens though, there is no clear trade yet.
Today and tomorrow will be important.
Today and tomorrow will be important.