Bullish cross between 200MA and 50MA spotted on 4 hour timeframe and appearance of green cloud. This would suggest a short term bullish outlook for bitcoin for the coming days.
The golden cross on daily time frame could follow by 1st or 2nd week of September and would drive the price to 65k-70k level.
XRP crosses its ma200 and ma50 which signals a significant bullish momentum for the coming days. The MACD also starting to cross the upside trend. There's also a possible continuation of this bullish momentum and a rally toward the previous ATH if it cross the wedge on the weekly timeframe.
Bitcoin's weekly timeframe is still bullish. Elliot's 5th wave correction could have another leg for a short-term bearish sentiment and could reach double bottom for the daily timeframe before it bounce back and break the 74k level.
Bitcoin could have a steep recovery but with a possible correction(fib retracement to the golden line) if it fails to break the 200MA.
In the long run, the bitcoin cup and handle bullish pattern is still intact.
BTC probably reached the bottom hand of the cup and handle form. This drastic move of BTC most probably wiped out the day traders who entered the hype during the bitcoin ETF on March.
ETH consolidates between MA200 as support and MA20 as resistance. Given that MA20 proves to be weaker, there could be a potential short-term price swing and hitting again the MA 200 support. This could be a double opportunity for accumulation and swing trade.
Forming 45% angle is a perfect uptrend, not too steep indicates less fomo traders and more strong hands. The RSI needs to cool off so we need to consolidate and have enough strength to break the 74k level.
