BTCUSD - Time for euphoria?
Just a short quick update
1. Breaking the falling resistance at 3.850$ is a bullish sign
2. The higher low at 3.350$ is a bullish sign
3. First higher high at 4.150$ is bullish sign
Please pay attention and consider it in context. Since November the price lost over 3.000$. Every little reaction rally created a lower high. We didn´t test the low of december to show strenght an a create a real bottom. Now we see 14 days of a bullish bitcoin since a long time. We have to be patient and wait for a confirmation. I expect a maximum of 4.500-4.700$ with touching the falling 200-days average.
Breaking the 200-days average with daily close i have to overthink this assessment.
Have a nice weekend!!!
1. Breaking the falling resistance at 3.850$ is a bullish sign
2. The higher low at 3.350$ is a bullish sign
3. First higher high at 4.150$ is bullish sign
Please pay attention and consider it in context. Since November the price lost over 3.000$. Every little reaction rally created a lower high. We didn´t test the low of december to show strenght an a create a real bottom. Now we see 14 days of a bullish bitcoin since a long time. We have to be patient and wait for a confirmation. I expect a maximum of 4.500-4.700$ with touching the falling 200-days average.
Breaking the 200-days average with daily close i have to overthink this assessment.
Have a nice weekend!!!
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