BTCUSD 28K or 44k? Here's what you need to know!
Updated
Welcome to this quick update.
BTC is currently trading at $35800.
3 conditions are needed for BTC to stay bullish.
1. We need a break and close above the black trendline channel resistance.
2. Price stays above 21D MA in 4 hour chart.
3. Price after the breakout of the black trenline should move back into the blue channel trendline.
If we don't close above the channel as well as get back into the blue channel we BTC is bearish and we can certainly see a bloody week from tomorrow.
BTC surprises everyone with it's move.
If we could just break and close above 37k it would be very bullish for BTC.
So the question is answered here break and close above 37k leads to 44k.
Rejection will lead to lower price targets as shown in the chart.
Hope it makes sense.
Thanks to you, Enjoy the Sunday evening.
Do hit the like button and share your views in the comment section.
#PEACE
BTC is currently trading at $35800.
3 conditions are needed for BTC to stay bullish.
1. We need a break and close above the black trendline channel resistance.
2. Price stays above 21D MA in 4 hour chart.
3. Price after the breakout of the black trenline should move back into the blue channel trendline.
If we don't close above the channel as well as get back into the blue channel we BTC is bearish and we can certainly see a bloody week from tomorrow.
BTC surprises everyone with it's move.
If we could just break and close above 37k it would be very bullish for BTC.
So the question is answered here break and close above 37k leads to 44k.
Rejection will lead to lower price targets as shown in the chart.
Hope it makes sense.
Thanks to you, Enjoy the Sunday evening.
Do hit the like button and share your views in the comment section.
#PEACE
Note
See that blue line?We need to break above that trendline to be bullish in BTC.
Let's wait for now
Note
Bitcoin Update : As per our last update BTC needed to break and close above 200D MA in 4 hour chart.
It did and right now what we see is the price is stable above 200D MA and moving towards the support turned resistance level.
The sentiment is bullish and a lot of BTCs were bought last night during the dump.
BTC Dominance is weak so we are looking into buying some altcoins during the weekends.
For now I will just wait and watch.
If I see any trade opportunity I will let you know.
Stay tuned
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