Bitcoin is now aiming at $9099 or MA200 on the daily timeframe, we looked at this indicator multiple times in the past as our main target for this current bullish move...
The question is this, will Bitcoin go higher and hit $10,350, last high, or start falling after hitting MA200?
Right now we are starting to see volume come in for BTCUSD, which is very important to confirm this move.
The "major trendline" has been broken but not yet confirmed, this is only confirmed when the daily candle closes later today.
If prices for BTCUSD can remain above this trendline, we are likely to see some additional bullish action. But if prices go back down and close below, we are likely to test support.
With a strong RSI and a bullish MACD, it is likely that Bitcoin will go higher... What's your take, will it go higher or will it retrace?
See here... Bitcoin Reverses? Aiming At $10,000+ Now? Warning - See Inside!
Thanks a lot for reading.
Namaste.
Note
We've Seen This Pattern Before! Bitcoin Can Hit $9,000+ Next
BTC Weekly- EMA10/50 Bearish Cross- Long-Term Target At $48,0000
Note
- Crypto Total Market Cap Gains Momentum, Aims At 241 B
Altcoins Market Extreme Bullishness | 24%+ Growth In Days!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.