Bitcoin (XBTUSD) broke out of a descending channel and is now trading above EMA200.
The immediate resistance is now at $7155 or EMA300.
Prices for XBTUSD can range between these two levels until one breaks.
We are of the bullish perspective as we just broke the descending channel and have bullish indicators.
If EMA10/EMA200 fails as support, we go bearish on this chart.
Thanks a lot for reading.
Namaste.
The immediate resistance is now at $7155 or EMA300.
Prices for XBTUSD can range between these two levels until one breaks.
We are of the bullish perspective as we just broke the descending channel and have bullish indicators.
If EMA10/EMA200 fails as support, we go bearish on this chart.
Thanks a lot for reading.
Namaste.
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Disclaimer
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.