Bitcoin | $6,800 Target Remains Valid
Updated
We are back to Bitcoin (XBTUSD) and our $6,800 target.
We had two targets and a retrace followed after the first one hit...
Now we are seeing some early signals pointing to a challenge of the next resistance level.
After EMA100 rejected XBTUSD, a higher low came in compared to the 29-March.
With this low in place, if the current 4H candle closes above EMA50 ($6326), chances are higher that prices will go up.
If momentum is lost, a close below $6150 can send prices lower.
If prices drop but there isn't much volume, we expect a bounce after (blue arrow).
Thanks a lot for reading.
Namaste.
We had two targets and a retrace followed after the first one hit...
Now we are seeing some early signals pointing to a challenge of the next resistance level.
After EMA100 rejected XBTUSD, a higher low came in compared to the 29-March.
With this low in place, if the current 4H candle closes above EMA50 ($6326), chances are higher that prices will go up.
If momentum is lost, a close below $6150 can send prices lower.
If prices drop but there isn't much volume, we expect a bounce after (blue arrow).
Thanks a lot for reading.
Namaste.
Note
🅱️ Bitcoin Continues Aiming Higher -Short-Term Analysis, 6.8K Next?
🅱️ Bitcoin Can Go Higher ($6645 Possible Next or 6.8k, Short-Term)
Altcoins:
✳️ Ethereum Can Easily Move Higher, Gaining Momentum
---
✳️ VIBE Activates Strong Support (Potential 250% Ahead)
✳️ NeoGas Preps For Breakout [GASBTC](62%)
](https://s3.tradingview.com/w/wDVJJOzj_mid.png)
✳️ Swipe Bottomed Out | 1300% Potential Profits To New ATH
✳️ Spendcoin Starts To Move | Much More To Give (111% Mapped)
✳️ Power Ledger Reaches End Of Retrace, Uptrend To Resume
✳️ DOCK Starts To Move (135%+ Mapped)
✳️ Red Pulse Phoenix Binance New ATL Leads To Bulls Win (155%+)
✳️ Quant (QNT) Gaining Strong Momentum (Long-Term Chart)
✳️ ICON Next Target Mapped (Full chart Analysis)
Trade closed: target reached
We can consider our second target hit at $6784 (~$6800).We will share a new analysis with the next move.
Thanks a lot for your continued support.
Namaste.
Note
New updateBitcoin Bulls Gain Momentum, Where Is The Next Target?
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