Bitcoin (BTCUSD) is facing resistance at EMA50 once more and this time prices are moving above this level.
As we mentioned in our most recent article, EMA50 ($7164) is a strong resistance on the daily timeframe, moving above it can easily send Bitcoin's prices going higher:
Not So Fast Bitcoin, What Happens Now? (2020 BTC Halving)
This is an easy setup here, we are looking for a daily close above EMA50 and we can see prices going higher, easily hitting $7600 or $8000+ next.
Conditions for change
If momentum is lost and prices drop below EMA50, the above signals become invalid.
Remember to hit LIKE for more frequent Bitcoin updates.
Namaste.
As we mentioned in our most recent article, EMA50 ($7164) is a strong resistance on the daily timeframe, moving above it can easily send Bitcoin's prices going higher:
Not So Fast Bitcoin, What Happens Now? (2020 BTC Halving)
This is an easy setup here, we are looking for a daily close above EMA50 and we can see prices going higher, easily hitting $7600 or $8000+ next.
Conditions for change
If momentum is lost and prices drop below EMA50, the above signals become invalid.
Remember to hit LIKE for more frequent Bitcoin updates.
Namaste.
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💥💥💥 Early 2025 Results (NEW)
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🏆 FREE Trade-Numbers
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.