Bitcoin Mid-Term Analysis
After some ranging price action, now the 12H Golden Cross and EMA21 tests are confirmed.
The 2D Golden Cross is on the way but not confirmed yet. As you can see MA200 on 2D TF is good support.
If a 4H candle closes below $8617 or wick below $8527, it would probably test the lower support zone ($7800~$7900).
If a 12H candle close above $9070 or a 4H candle close above $9200, it would probably first test $9300 and upper resistance zone ($9600~$9700).
Prices are on BitMEX.
The 2D Golden Cross is on the way but not confirmed yet. As you can see MA200 on 2D TF is good support.
If a 4H candle closes below $8617 or wick below $8527, it would probably test the lower support zone ($7800~$7900).
If a 12H candle close above $9070 or a 4H candle close above $9200, it would probably first test $9300 and upper resistance zone ($9600~$9700).
Prices are on BitMEX.
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