Bitcoin | Pullback To $12,000?
Updated
Bitcoin (BTCUSD) just managed to back above EMA10/50/100/200/300 and MA200 on the 4H timeframe...
This can lead to additional growth.
At the same time, Bitcoin is also moving above EMA50 on the daily timeframe, which is a strong indicator of Bitcoin's bullish/bearish potential.
With this signal in place, we can see prices hit $11180, $11500, or even $12,000 next.
Conditions for change
If prices drop and close below MA200 and EMA50, the above signals are invalidated and lower prices are possible.
Remember to hit LIKE to show your support.
Namaste.
This can lead to additional growth.
At the same time, Bitcoin is also moving above EMA50 on the daily timeframe, which is a strong indicator of Bitcoin's bullish/bearish potential.
- Above EMA50 daily = strong bullish.
- Below EMA50 daily = bearish potential.
With this signal in place, we can see prices hit $11180, $11500, or even $12,000 next.
Conditions for change
If prices drop and close below MA200 and EMA50, the above signals are invalidated and lower prices are possible.
Remember to hit LIKE to show your support.
Namaste.
Note
What about Bitcoin sideways?The altcoins tend to grow stronger when Bitcoin goes sideways...
We are seeing the altcoins starting to take off.
New update incoming...
Thanks a lot for your support.
Note
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