Bitcoin Goes Bullish... Where To Next? $9800 or $10,400?

21 ביולי 2020

Looking at Bitcoin (BTCUSD), prices are moving NOW above EMA10 and EMA50... Changing our bias from bearish to BULLISH!

THIS IS GREAT NEWS!

Breaking above EMA10/50 is a really good bullish signal and only confirms after the daily candle closes... So this is an "early signal".

The RSI supports this move since it is above 50 which we consider bullish/strong.

The MACD is also showing a bullish cross.

We are looking at ~$9450 first, short-term, followed by $9800 and finally $10,000+.

What's your take on this bullish move?

Share with us in the comments section below!

Namaste.