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Bitcoin Breaks Another Barrier (Signals) | $7700 - $7990 Next!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) is slowly conquering multiple resistance levels at once... Let's take a look at those:

  • 2020 Started with a Bang! for Bitcoin after a low was set at $6853, followed by MA200 (black line) conquered and prices moving up all the way to $7402...
  • The growth stopped there (light blue square) which is where EMA200 (brown line) is sitting.
  • After a short period of consolidation Bitcoin continued to move up and managed to close above EMA200, now also breaking the black trendline as well as the $7420 level.
  • All these are important resistance levels.

These are early... The last 4H candle is active and this signal is only confirmed after the candle closes.

If prices for Bitcoin ( BTCUSD ) remain above $7420, we can expect some additional growth.

I will share another update on the daily timeframe tomorrow for a longer-term view... Let me know in the comments section below if you prefer hourly (1H), 4H, daily (D), weekly (W), or monthly (M) for additional analysis.

Thanks a lot for your continued support.

Remember to hit LIKE!

Namaste.
Comment: Previous analysis | XBTUSD (4H)

BTCUSD (D)
Comment: RESTING IS HEALTHY

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We know how important it is for us to eat healthy clean foods, if we want to be wealthy, smart, and rich.
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The break will help you do more, produce more, and enjoy the fruits of what you did until this day.

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If for the next time you want to continue to be good, do good, be strong, and at the same time grow as much as you can...

Then it is time for you to lay low...

It is time to take a break!

Namaste.
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Comment: Bitcoin trying to break the resistance after testing support:


Comment: -
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Comments

agree with you!

+1 Reply
@zorrays, Good to know.

Thanks for sharing your chart with us.

Namaste.
Reply
@zorrays, Love your target... Would be great to see $8000+
Reply
wonderful chart
btc might show the good growth if hold above zone formed by a bullish pattern
your thoughts?
+1 Reply
alanmasters David_Smith
@David_Smith, Agreed. Nice chart, thanks for sharing.
Reply
alanmasters David_Smith
@David_Smith, What's your main target on this setup?
Reply
your analysis is good) btc following the upward scenario
+1 Reply
alanmasters UnknownUnicorn6047038
@UnknownUnicorn6047038, Thanks for sharing. Your looks good too :)

Namaste.
Reply
alanmasters UnknownUnicorn6047038
@UnknownUnicorn6047038, How long you think until 3 Target?
Reply
btcusd 8hour update by projectsyndicate.
+1 Reply
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