Bitcoin | Building Up On Bullish Momentum

26 thg 12, 2020

Bullish momentum is starting to build up for the BTCUSD (Bitcoin) pair.

We have only bullish signals coming from this chart, this is the 12H timeframe.

Let's have a quick look at some of those:

• MACD high up and strong. The MACD line just crossed above the signal line.
  
• The RSI is very strong at 74.81.
  
• BTCUSD price stands safely and strongly above EMA10. We consider it bullish, always, above EMA10.
  
• The TD Sequential shows room for additional growth.
  

The trading volume is low but in a bullish cycle, this can be taken as a continuation signal.

The next target is set at $25892 followed by $29000+

Where do you think Bitcoin is headed?

Share with us in the comments section below.

Namaste.

27 thg 12, 2020

Ghi chú

Bitcoin hits our first target at $25892 and is going for the second target in the low $29000... Depending on how the second target is handled we can share a new update analyzing the next move.

27 thg 12, 2020

Ghi chú

We have some bearish signals developing... This might be it!

27 thg 12, 2020

Ghi chú

Who has the nuts & seeds to take this on... ???

Bitcoin going short?
See below!