Are the bulls back?
As you can see on the BTC 4hr charts we have has some major breaks. We have passed the 100 day MA resistance which now becomes our support. With the 200 day MA becoming our resistance. We are looking for BTC to now pass the next major physiological & technical resistance at $9,500 before confirming the bulls are back.
Looking further out, the daily chart indicators are looking positive for and on-going uptrend, volume is key and I expect that, should we break the $9,500 mark we are on track for new ATH's mid March - April.
Looking further out, the daily chart indicators are looking positive for and on-going uptrend, volume is key and I expect that, should we break the $9,500 mark we are on track for new ATH's mid March - April.
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