Change Of Direction, Bitcoin Aims At $6720 / $8260 Next

19 Mar 2020

BTCUSD (Bitcoin) managed to close above EMA50 ($5885) and is now gaining momentum while climbing higher.
The next resistance we are looking at is EMA100 at $6720.

We also have the ascending triangle bullish pattern.
If EMA100 can be conquered with good strength and volume, we aim at MA200 or $8260 next!

Conditions for change
If momentum is lost and prices move back down, closing below EMA10 ($5630) would send out a bearish signal. If prices close below $5400 the whole setup is invalidated.

What do you think will happen next?

Thanks a lot for reading.

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Namaste.