Critical Channel With High Demand
The breakout (on a weekly basis) for Bitcoin to reach $27894.21 is actually at $25059.88 and $25199.99.
The death cross, that is: crossing the EMA200 with the EMA50; It was executed exactly the last week of January with a weekly closing on January 30.
If there was a channel opening at that death crossing, that is, an accumulation channel between the prices of $24,788.24 and well above $25,001.94, Bitcoin could reach the next level and very close to $27,894.85; with resistance at the Bolliger upper band crossing at $27,992.48 and the EMA100 at $27,795.11.
It is a critical period, where the intelligent observe the upcoming closures; but mitigating that with the great accumulation of demand exposed by the Ichimoku cloud cumulus, a bullfight can be unleashed in a public square and with a tendency to liquidate blindly.
The death cross, that is: crossing the EMA200 with the EMA50; It was executed exactly the last week of January with a weekly closing on January 30.
If there was a channel opening at that death crossing, that is, an accumulation channel between the prices of $24,788.24 and well above $25,001.94, Bitcoin could reach the next level and very close to $27,894.85; with resistance at the Bolliger upper band crossing at $27,992.48 and the EMA100 at $27,795.11.
It is a critical period, where the intelligent observe the upcoming closures; but mitigating that with the great accumulation of demand exposed by the Ichimoku cloud cumulus, a bullfight can be unleashed in a public square and with a tendency to liquidate blindly.
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