Bitcoin 2H Timeframe | Next Target $31,300 / $31,400
Updated
The low was set for BTCUSD on 12-May at $25,365.
A higher low came in on 26-May but prices recovered right before hitting the 0.618 Fib. retracement level;
The short-term chart technicals are now favoring the bulls.
We can see EMA50/EMA100 being conquered on the 2H timeframe...
Nay, this level we consider conquered only if BTCUSD closes above $29,338 before the days close.
We see the $31,300 / $31,400 price range as the next target maybe within a day or two...
It will take longer before $34/35K but can actually get even better...
Let's not get ahead of ourselves.
After 9 weeks of RED/BLOOD, it is hard to adapt to the fact that a bullish relief rally is already on.
From ~$25,500 to ~$29,500 we have already over 15% growth.
Hasta luego!
A higher low came in on 26-May but prices recovered right before hitting the 0.618 Fib. retracement level;
The short-term chart technicals are now favoring the bulls.
We can see EMA50/EMA100 being conquered on the 2H timeframe...
Nay, this level we consider conquered only if BTCUSD closes above $29,338 before the days close.
We see the $31,300 / $31,400 price range as the next target maybe within a day or two...
It will take longer before $34/35K but can actually get even better...
Let's not get ahead of ourselves.
After 9 weeks of RED/BLOOD, it is hard to adapt to the fact that a bullish relief rally is already on.
From ~$25,500 to ~$29,500 we have already over 15% growth.
Hasta luego!
Trade closed: target reached
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
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🚨 Free PREMIUM Trade-Numbers
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