Slow & Steady Bitcoin Continues
Updated
Bitcoin (XBTUSD) continues with its slow and steady growth... But still leaning towards the bulls as we've seen shared in our charts.
The trading volume is still weak, so we remain open to see a sudden move take place at any time.
Mid-week is normally when the strong action starts.
As for the chart above, prices for XBTUSD are now trading above EMA200 (brown) and aiming at MA200 or $7050+.
If prices drop, EMA50 ($6850) is the next immediate, strong, short-term support.
The trading volume is still weak, so we remain open to see a sudden move take place at any time.
Mid-week is normally when the strong action starts.
As for the chart above, prices for XBTUSD are now trading above EMA200 (brown) and aiming at MA200 or $7050+.
If prices drop, EMA50 ($6850) is the next immediate, strong, short-term support.
- Above EMA200 we remain bullish.
- Below EMA50 the bears take control.
This is a short-term analysis.
Thanks a lot for your support.
Namaste.
Trade closed: target reached
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