Bitcoin

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

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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.

Comments section below!

Namaste.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.