Higher Bitcoin (How Far Up Can It Go? Beyond 2020 Halving)
Updated
Few questions are starting to come up now that Bitcoin (BTCUSD) is clearly moving higher...
- How far up can it go?
- Where can we find the important support and resistance levels?
We are looking at Bitcoin (BTCUSD) on the daily (D) timeframe
Now, will Bitcoin continue higher?
Looking at today's candles, it is possible for Bitcoin to continue higher on a strong close today.
The next strong resistance is sitting in the $8900 - $9100 price range.
This is the next level to break if Bitcoin wants to go higher.
If this price range can be conquered, we can see ~$10,500 next followed by $12,000.
On the other hand, we look for support first at EMA300/MA200 or the $7900 - $8000 price range if BTCUSD prices drop.
Below this level, we have strong support at $7700 now marked by EMA10 and finally $7300 or EMA50.
Bitcoin is now strongly bullish and can continue higher.
Below is our weekly analysis:
Bitcoin Weekly "V Bottom" Moves Above EMA50 (Where To Next?)
Bitcoin Prepares To Jump? $8000 As Resistance Next!
Thanks a lot for your support.
Namaste.
- How far up can it go?
- Where can we find the important support and resistance levels?
We are looking at Bitcoin (BTCUSD) on the daily (D) timeframe
- We have really good trading volume, the bulls are now in full control.
- EMA300/MA200 fully conquered today. Now that EMA300/MA200 is being conquered (this signal only confirms after the daily candle closes above $7930) more growth can happen.
- We a "V bottom" which is also a higher low compared to Dec. 2019.
- We have a very strong RSI sitting at 75.1 while aiming higher.
- The MACD is bullish and allows for plenty of additional growth.
Now, will Bitcoin continue higher?
Looking at today's candles, it is possible for Bitcoin to continue higher on a strong close today.
The next strong resistance is sitting in the $8900 - $9100 price range.
This is the next level to break if Bitcoin wants to go higher.
If this price range can be conquered, we can see ~$10,500 next followed by $12,000.
On the other hand, we look for support first at EMA300/MA200 or the $7900 - $8000 price range if BTCUSD prices drop.
Below this level, we have strong support at $7700 now marked by EMA10 and finally $7300 or EMA50.
Bitcoin is now strongly bullish and can continue higher.
Below is our weekly analysis:
Bitcoin Weekly "V Bottom" Moves Above EMA50 (Where To Next?)
Bitcoin Prepares To Jump? $8000 As Resistance Next!
Thanks a lot for your support.
Namaste.
Note
Bitcoin's Drop Starts Now?
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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