Bitcoin (BTCUSD) is now printing the bullish engulfing pattern on the 4H timeframe, telling us that it can continue to grow right away if this pattern confirms.
We can see EMA10 ($7742) tested and a strong bounce with good volume and bullish indicators.
For Bitcoin to continue higher, the first barrier to break is ~$8000, the last high.
The immediate support is sitting around EMA at $7741 and $7690, this is the main support if prices start to retrace. Any lower and we look for EMA50 and/or $7400 - $7450.
Right now we are bullish and aiming higher...
Previous analysis: Bitcoin (XBT) Challenging EMA300 | Can Lead To $8,111+
Thanks a lot for reading.
Remember to hit LIKE :)
Namaste.
We can see EMA10 ($7742) tested and a strong bounce with good volume and bullish indicators.
For Bitcoin to continue higher, the first barrier to break is ~$8000, the last high.
The immediate support is sitting around EMA at $7741 and $7690, this is the main support if prices start to retrace. Any lower and we look for EMA50 and/or $7400 - $7450.
Right now we are bullish and aiming higher...
Previous analysis: Bitcoin (XBT) Challenging EMA300 | Can Lead To $8,111+
Thanks a lot for reading.
Remember to hit LIKE :)
Namaste.
Note
$9200+ More possible now than ever... 
Note
Moving up fast now...
Note
-General Bitcoin & Altcoins Market Update And Prediction For 2020
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🚨 Long-term Financial Success Available » Make The Right Choice » Join NOW! 👉 lamatrades.com (Since 2017)
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Related publications
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.