Brief Update on Bitcoin
$11500 still achievable
In my previous post I mentioned that BTC could get near $11500 in the near future. It looks like we're pushing for it again, but have trouble on our way.
BTC/USD Monthly View
In the end I left both the descending trend lines in place (body-to-body & wick-to-wick), to have an accurate view. We're currently trying to push above the first one and find resistance at the 0.382 ($9440) Fibonacci level. So far we're good; it looks like we try to respect the previous pattern of having at least a candle wick to the the upper trend-line.
BTC/USD Daily View
On the daily, we're approaching the previous local high again and a strong fight is going on. We could see Bitcoin correcting to the 21 EMA (yellow) again and ride along it to the upside. For now, we have a MACD rejection at the signal line and descending trading volume.
Thanks for reading and safe trading!✌
If you find this post useful, please:
Leave Brief Update on Bitcoin to:
Best Posts From Aezakmi
We have not curated any of aezakmi's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Aezakmi
- Price target for Bitcoin in 2021
- BITCOIN: Easy Price Projection
- SUSHI: Targets and Expectations
- Uniswap UNI: Descending Channel and What to Expect
- BITCOIN: Retesting The Support
- BITCOIN: Trendlines Broken - Uncharted Territory Ahead!
- BITCOIN: New Bullish Cycle Around The Corner?
- Zilliqa: Determining Key S/R Levels
- BITCOIN: Getting Really Squeezy
- ChainLink: Reaching New All-Time-Highs