Bitcoin Higher Lows (Short Term Analysis) Potential Breakout

Bitcoin (XBTUSD) has been hitting higher lows on the 4H time frame and is now trading above MA25 with MA99 now working as immediate resistance.

If XBTUSD can break MA99 with good volume, you can expect a move to the $3900-$4000 range short term.

If XBTUSD fails to break MA99 and breaks and closes below MA25 ($3805), then you can look for the green trendline or last low to be tested.

We have another rejecting of sellers on the last candle (candle yet to close). This can lead to a breakout to the upside if the bulls can follow up.

What's your take on Bitcoin short term?

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Thanks a lot for reading.

Namaste.

تعليق:

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