BTC seems bullish in 1D time frame • There has been a consolidation after a rally, which characterizes an uptrend. This suggests that after a period of rapid price increase, the market is taking a breather, potentially gathering strength for the next move . • Exponential Moving Average (EMA) and Simple Moving Average (SMA): These indicators smooth out price data to identify trends over time. Generally, if the current price is above the moving averages, it suggests a bullish trend, and if below, a bearish trend.
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.