BTC/USD TA Update (Temporary Top?)
BTC/USD
Bitcoin is looking to set a temporary top at 10.4k areas as the previous daily candle is breaking bearish.
Technically, overall market sentiment remains bullish as we are still anticipating the golden cross of 50MA & 200MA between 8800s regions
which will be its strong floor area of support if BTC will have to come down to test these levels.
There is also a strong upward trend-line support from 6.4k - 6.9k which coincides with the 50D MA trajectory movement.
This area of confluence is the part where most traders are looking at to re-enter a Long position for potential another strong wave up to 12k or higher before the BTC halving starts.
Bitcoin is looking to set a temporary top at 10.4k areas as the previous daily candle is breaking bearish.
Technically, overall market sentiment remains bullish as we are still anticipating the golden cross of 50MA & 200MA between 8800s regions
which will be its strong floor area of support if BTC will have to come down to test these levels.
There is also a strong upward trend-line support from 6.4k - 6.9k which coincides with the 50D MA trajectory movement.
This area of confluence is the part where most traders are looking at to re-enter a Long position for potential another strong wave up to 12k or higher before the BTC halving starts.
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