#BTC/USD Broke the Resistance Now Ready for 9k
Updated
Hello guys, Welcome to this update.
BTC broke above the important resistacne Level around 7890.
It also broke above the 85D EMA (Purple line) in the weekly chart which is a very bullish sign as of now it is trading around 8130 area and trading just above the middle Bollinger Band(orange) level. It's highly likely it will try to reach the top BB line within the next few weeks which coincides with the long term Resistance Trendline since 20k. If that happens the price may surge to 9000+ area easily.This is the 7th green week so far. Also If it keeps on trading above the 85DEMA at the end of this week I'll expect 9k around the halving easily.
And after that we may see some retracement.
it's too soon to say that.
Now let's wait for BTC to show some positive momentum. I am long since 7200 and Still holding my positions.
Hope this idea helps. Please Follow me and hit that like button. It's free and helps me to make more content for you guys.
Thanks again
#Peace
BTC broke above the important resistacne Level around 7890.
It also broke above the 85D EMA (Purple line) in the weekly chart which is a very bullish sign as of now it is trading around 8130 area and trading just above the middle Bollinger Band(orange) level. It's highly likely it will try to reach the top BB line within the next few weeks which coincides with the long term Resistance Trendline since 20k. If that happens the price may surge to 9000+ area easily.This is the 7th green week so far. Also If it keeps on trading above the 85DEMA at the end of this week I'll expect 9k around the halving easily.
And after that we may see some retracement.
it's too soon to say that.
Now let's wait for BTC to show some positive momentum. I am long since 7200 and Still holding my positions.
Hope this idea helps. Please Follow me and hit that like button. It's free and helps me to make more content for you guys.
Thanks again
#Peace
Trade active
This trade has proven to be 100% successful. I am waiting for the weekly close to come to a conclusion till then I expect BTC to show some positive signs. The halving day is very important and I will just wait aside to know what could happen. Most importantly if the 10k mark is broken I feel we can see further appreciation in price all the way upto 12k.
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