We are now at the daily EMA support as well inside the trend yet.
Maybe we are testing an old support.. who know that.
What matter is that we keep the 50k level to go more up in the mid-term, otherwise we must test at least the 0.618 fibonacci's level that coincides with the 100 daily's EMA.
If instead it go up from here and brokes the bullflag, then 75k it's only matter of time.
In these days we're seeing an huge outflow of bitcoins from exchanges, that's mean that when we'll broke this important level of price (60k) and the ask will be prevalent, there will not be enough offer and the price could go easily parabolic.
Maybe we are testing an old support.. who know that.
What matter is that we keep the 50k level to go more up in the mid-term, otherwise we must test at least the 0.618 fibonacci's level that coincides with the 100 daily's EMA.
If instead it go up from here and brokes the bullflag, then 75k it's only matter of time.
In these days we're seeing an huge outflow of bitcoins from exchanges, that's mean that when we'll broke this important level of price (60k) and the ask will be prevalent, there will not be enough offer and the price could go easily parabolic.
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