BITCOIN The ultimate BUY ZONE on the road to $7500. 1D

19 באפר׳ 2020

BTCUSDT

MA 200 still flat (long term).
MA 100 still flat (long term).
MA 30 bullish (short term).
Vol 200 bullish (long term).
BVOL decreasing (long term).
BVOL 7D flat (mid-term).
BVOL 24H flat (short-term).

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If the current price can hold above this level, at least one technical measure suggests Bitcoin could see a run to $8,000, where the coin was trading ahead of its massive drop last month. The $7,000 threshold was a solid support line for Bitcoin between November and January -- remaining above it could provide support should it decline again.

Bitcoin could ascend to the $7,500 level, according to Craig Erlam, senior market analyst at Oanda. “It’s struggling to gather the momentum required to break the barrier down but as we know with Bitcoin, that can change dramatically in a heartbeat,” Erlam wrote in a note. “If it breaks through those levels, then we could be looking at a healthy surge and another run towards $10,000.”

Source : bloomberg.com/news/articles/2020-04-06/bitcoin-breaks-above-7-000-again-amid-wider-risk-on-rally