Is Bitcoin Ready To Resume Its Growth? EMA100 Conquered
Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.
- Above this level, Bitcoin can easily move higher.
- If prices for XBTUSD move and close below EMA100 ($7181.5), then we test the lower support.
- This analysis is for the short-term.
The is strong and the flat while trading on the side. ( )
There is a good chance for a move to the upside... Please allow time for the charts to develop.
Feel free to hit LIKE if you would like to show your support.
This is Alan Masters.
Thanks a lot for reading.
If BTCUSD can remain above this level, massive growth can follow.