MA200 is the resistance level in play.
This is the deciding point.
Bitcoin moved above this level followed by a very quick retrace (3 days) and today it is decisively moving back up (with strong/bullish indicators as support).
The daily candle is closing in 1 hour and 30 minutes.
We will have a strong close above MA200 (the black line on the chart) if we can get a FULL GREEN candle today.
In the case of a full green candle, we are definitely aiming at $60,000 or so on the next bullish jump.
We have higher/better targets long-term (see it here), but this is what I am looking at short/mid-term.
What's your take?
Thanks again for reading.
Namaste.
This is the deciding point.
Bitcoin moved above this level followed by a very quick retrace (3 days) and today it is decisively moving back up (with strong/bullish indicators as support).
The daily candle is closing in 1 hour and 30 minutes.
We will have a strong close above MA200 (the black line on the chart) if we can get a FULL GREEN candle today.
In the case of a full green candle, we are definitely aiming at $60,000 or so on the next bullish jump.
We have higher/better targets long-term (see it here), but this is what I am looking at short/mid-term.
What's your take?
Thanks again for reading.
Namaste.
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