Bitcoin (BTCUSD) just broke the major trendline from the 26-Oct. peak and also hit a new high on the daily timeframe... Is Bitcoin now aiming for $10,000+?
Yes... It is possible to see Bitcoin moving higher but we wait for the candle close to confirm. Volume is still really low so a move like this can easily reverse.
Now we see EMA200 (brown line) being conquered, this move is only confirmed once the candle closes. If prices for BTCUSD end the day above $8178.2, EMA200 has been conquered, if they move lower then the chances increase for a retrace.
Where do you think Bitcoin prices are headed?
Let us know in the comments section with your own chart.
Namaste.
Yes... It is possible to see Bitcoin moving higher but we wait for the candle close to confirm. Volume is still really low so a move like this can easily reverse.
Now we see EMA200 (brown line) being conquered, this move is only confirmed once the candle closes. If prices for BTCUSD end the day above $8178.2, EMA200 has been conquered, if they move lower then the chances increase for a retrace.
Where do you think Bitcoin prices are headed?
Let us know in the comments section with your own chart.
Namaste.
Note
Bitcoin (BTCUSD) volume starting to show up... This is good... Altcoins results...
XZCBTC (+39%)
BCHBTC (+48%)
ETCBTC (+30%)
LTCBTC (+18%)
](https://s3.tradingview.com/m/mlqmBFTn_mid.png)
LTCH20 (+154%)
Note
EOSH20 (+222%)
XRPH20 (+64%)
EOSBTC (+32%)
ADAH20 (+52%)
Soon to pay TRACBTC
](https://s3.tradingview.com/h/hYecsOF1_mid.png)
I will bring you more results...
Note
Over 175% for Bitcoin SV (BSVBTC)
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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.