Bitcoin Bounces To $44,444? Trading Above EMA50

26 Oca 2022

We are starting to look good on the 4H timeframe for Bitcoin as prices start to recovery.

We looked yesterday at a potential bounce short-term on the 1H timeframe, as this moves develops, we can see the bulls starting to re-enter the arena.

We have the strong "V Bottom" pattern with unusual volume.

Just recently prices closed above the EMA50 magenta line. Trading above EMA50 is strongly bullish.

We are aiming at $44,444 now that $38,000 is being secured.

Note: If prices move and close below EMA50, the bullish bias loses strength.

If prices move and close below EMA10, this analysis is fully invalidated.

Feel free to leave a comment if you have any questions.

Namaste.