AlanSantana

Bitcoin Bounce With $46,000 Potential Target? See Inside

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin's price is bouncing after a higher low.

We have a potential target of $45k+ if EMA50 can be conquered first.

Strong resistance at $35,000 to $37,000...
Above this level we can hit $40,000+.

BTCUSD 4H Timeframe Chart Signals

We have some bullish signals on this chart:

  • MACD young bullish cross (This is an early signal)

  • RSI above 50.

  • Higher low in place.
    Prices bounced higher than 19-May.

The correction has been going long enough.

Leave a comment with your thoughts.

This is a short-term bounce.

The charts are always changing.

Plan BEFORE trading.

The altcoins will grow.

Namaste.
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