🅱️ Bitcoin Short-Term Update (Moving Averages)

We've been looking at many different signals on the chart short-term, they all favor the Bitcoin bulls and the price action confirms this.

Now we have the moving averages.

Notice how on the same 30-June SEC shakeout session, Bitcoin went down to test EMA200 and EMA300 which were never tested previously as support.

In this session, the candle wick goes below all levels and bounces off perfectly at EMA300 just to quickly recover... Fast forward to present time, BTCUSD 1H (short-term) trades above all the moving averages plotted here.

This is another bullish signal.
We will look at the MACD and RSI next.

Thank you for reading.
Thanks a lot for your continued support.

Namaste.

הערה:

Here comes another jump...

💵 💵 💵 💵 💵 💵 💵 174,377,021 #USDC (174,394,459 USD) minted at USDC Treasury

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 208,909,180 #USDC (208,930,071 USD) transferred from USDC Treasury to #Coinbase