Is Bitcoin Ready To Resume Its Growth? EMA100 Conquered
Updated
Here we are looking at Bitcoin (XBTUSD) on the 4H timeframe and we see the possibility of a continuation of the last bullish move.
Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.
The RSI is strong and the MACD flat while trading on the bullish side. (Bullish)
There is a good chance for a move to the upside... Please allow time for the charts to develop.
Feel free to hit LIKE if you would like to show your support.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.
- Above this level, Bitcoin can easily move higher.
- If prices for XBTUSD move and close below EMA100 ($7181.5), then we test the lower support.
- This analysis is for the short-term.
The RSI is strong and the MACD flat while trading on the bullish side. (Bullish)
There is a good chance for a move to the upside... Please allow time for the charts to develop.
Feel free to hit LIKE if you would like to show your support.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
Note
MA200 is being challenged right now.If BTCUSD can remain above this level, massive growth can follow.
Chart:
🔝 Daily Cryptocurrency Technical Analysis
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