8H bullish close above 50 ema and 54980

٢٧ مارس ٢٠٢١

The 8H candle that closed at 8 pm EST eked above both the established important level of 54980 and the 50 ema. Immediately after closing the candle, BTC shot up $500 and at this moment is maintaining this level. Leaning neutral to slightly positive here, as the 8H 50 sma is still sitting as resistance at 56542. I would be more constructive on an 8H close above this level.