Bitcoin Showing Promise on Higher Timeframes
Bitcoin showed strong rejection at resistance with shooting stars on the two day and three day chart. But over the weekend it regained most of those losses, closing above key EMAs on all high timeframes.
The close of the week saw BTC close above the 21EMA on the weekly, the 50 on the 3D and the 200 on the Daily.
I feel a short term correction to $7500-7750 is pretty conceivable here but would not be surprised if we break out from here as this is significantly bullish price action.
The close of the week saw BTC close above the 21EMA on the weekly, the 50 on the 3D and the 200 on the Daily.
I feel a short term correction to $7500-7750 is pretty conceivable here but would not be surprised if we break out from here as this is significantly bullish price action.
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