Bitcoin (XBT) Challenging EMA300 | Can Lead To $8,111+
For Bitcoin (XBTUSD) on the 4H timeframe, the EMA300 line has been working as a very strong resistance and support level.
Notice this chart... Left side:
Here for the longer-term perspective/view with a $48,000 target for Bitcoin:
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Notice this chart... Left side:
- When EMA300 was conquered a massive jump in prices followed.
- XBTUSD is now trading above this same level and trying to remain above it. If it can remain above, we can expect a huge jump in prices.
- The MA200 line, black, is now fully conquered and will work as support if Bitcoin moves lower.
- The indicators, RSI and MACD, both are positioned in a way that easily supports additional growth.
Here for the longer-term perspective/view with a $48,000 target for Bitcoin:
Thanks a lot for your support.
Remember to hit LIKE or leave a comment if you have any questions or something to share with us.
This is Alan Masters.
Namaste.
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