Bitcoin (BTCUSD) is trading below EMA10 and gaining momentum on the 1h timeframe.
EMA50 is also being broken now and we marked the next target.
Support is found next at $8218, which is the 0.382 Fib. retracement level from the last bullish wave.
The next support that follows if the above breaks are $8122 and finally $8027.
On the way up, Bitcoin needs to break $8293 in order to be able to move higher.
Right now it is moving lower... Hit LIKE if you like the short-term analysis.
Namaste.
EMA50 is also being broken now and we marked the next target.
Support is found next at $8218, which is the 0.382 Fib. retracement level from the last bullish wave.
The next support that follows if the above breaks are $8122 and finally $8027.
On the way up, Bitcoin needs to break $8293 in order to be able to move higher.
Right now it is moving lower... Hit LIKE if you like the short-term analysis.
Namaste.
Trade closed: target reached
Perfect hit. Hit LIKE if you want to see more short-term analysis for Bitcoin (BTCUSD).
Namaste.
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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.