Bitcoin Faces EMA50 Once More, $8000+ Next?
Bitcoin (BTCUSD) is facing resistance at EMA50 once more and this time prices are moving above this level.
As we mentioned in our most recent article, EMA50 ($7164) is a strong resistance on the daily timeframe, moving above it can easily send Bitcoin's prices going higher:
Not So Fast Bitcoin, What Happens Now? (2020 BTC Halving)
This is an easy setup here, we are looking for a daily close above EMA50 and we can see prices going higher, easily hitting $7600 or $8000+ next.
Conditions for change
If momentum is lost and prices drop below EMA50, the above signals become invalid.
Remember to hit LIKE for more frequent Bitcoin updates.
Namaste.
As we mentioned in our most recent article, EMA50 ($7164) is a strong resistance on the daily timeframe, moving above it can easily send Bitcoin's prices going higher:
Not So Fast Bitcoin, What Happens Now? (2020 BTC Halving)
This is an easy setup here, we are looking for a daily close above EMA50 and we can see prices going higher, easily hitting $7600 or $8000+ next.
Conditions for change
If momentum is lost and prices drop below EMA50, the above signals become invalid.
Remember to hit LIKE for more frequent Bitcoin updates.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
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