Bitcoin Straight Up? Short-Term Analysis

24 בדצמ׳ 2021

We have multiple signals telling us that Bitcoin can move straight up.

Looking at the 2h timeframe for BTCUSD, we can see prices trading above EMA10 and all other EMAs.

The trading volume is still low but we are seeing steady growth, the bulls pushing higher.

We have a very strong RSI to support additional growth.

The next resistance is set at $52,000 followed by $54,000, short-term.

Support is set at $48,650 to $50,000.

I say we go up this weekend... What do you say?
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Namaste.