Bitcoin (BTCUSD) is bouncing after hitting a new low on the 2h timeframe... Can it go higher?
Prices for Bitcoin are now challenging EMA50, as well as the descending trendlines marked on the chart... This is the immediate resistance.
If BTCUSD fails to close above this level, we will see prices move lower following the red arrow.
Do you agree with this analysis?
Let us know in the comments section below.
Namaste.
Prices for Bitcoin are now challenging EMA50, as well as the descending trendlines marked on the chart... This is the immediate resistance.
If BTCUSD fails to close above this level, we will see prices move lower following the red arrow.
- We will only consider this bounce to become a bullish move if prices manage to break and close above $9260.
- Any trading below the above-mentioned price and we remain bearish short-term.
Do you agree with this analysis?
Let us know in the comments section below.
Namaste.
Note
We want to see Bitcoin switch from bearish to bullish.We want to see a bullish Bitcoin together with bullish Altcoins.
Note
We have bullish action developing for Bitcoin...Good news!
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.