Bitcoin Monthly Bullish Close | $8518/$7249 - $9788/$11596 (8) Long
Bitcoin / U.S. dollarBitstamp
Description
⋅ Bitcoin (BTCUSD) on the monthly timeframe closed with a bullish candlestick.
EMA10 held as support and now Bitcoin has the chance to move higher.
I made this chart pretty simple... This is how I am looking at it right now.
The light blue space is a tight range between our main resistance and support levels.
If $9788 can be broken, Bitcoin can easily move higher and reach $10,000+ to 11.5k.
On the downside, $8518 is the level to hold, if this breaks Bitcoin can easily move lower and test $7249... That's what you see on the title.
Right now the weekly chart is also looking bullish for me so I am of the bullish view... Take a look at the trade idea below.
How Does Bitcoin Make It To $33,333? | 6 Signals
Thanks a lot for your continued support.
Namaste.