Can Bitcoin Hit ATH Before Halving, This Chart Change Everything

1 thg 2, 2020

Here we are looking at Bitcoin (BTCUSD) long-term on the monthly timeframe, 30 days per candle...

Can Bitcoin Hit ATH Before Halving, This Chart Change Everything...
Let's get started!

Here is a close-up of the chart, BTCUSD (M):

We can see that Bitcoin managed to move back above EMA10 on the monthly timeframe, switching its potential from bearish to bullish... Bitcoin monthly is now bullish for us.
This is a good signal but trading volume is still low, which means that we can easily see the last movement reverse.

Now, prices can bounce here and easily hit $11,500 or even $13,750... If there is good trading volume and the market heats up, Bitcoin can even hit its ATH before it starts to drop.

But if instead BTCUSD prints a monthly lower high and prices start to retrace, with the low volume we are seeing, the next target can be found around EMA50 or $5610...

Whatever happens, we remain bullish as long as prices are trading above EMA10.

Here you have a different perspective, short and mid-term...

Bitcoin (XBTUSD) A Closer Look... Bearish Bull or Bullish Bear?

Bitcoin Goes Bullish, The Signal Is In! $10,000+ in Jan. 2020?

Namaste.

1 thg 2, 2020

Ghi chú

S&P 500 Index (SPX) Drop Will Now Accelerate, 6.54% Total Next

Crypto Total Market Cap Exclude BTC About To Grow More

ARPA Chain Challenged EMA50 | 90.09% Targets Mapped

Wanchain Challenging Resistance, Ready To Grow 40-80%

2 thg 2, 2020

Ghi chú

-
TOTAL Cryptocurrency Market Capitalization | Extremely Bullish