🅱️ Bitcoin Recovers Above EMA50, New High In Sight!

The correction period was confirmed early May when Bitcoin moved and closed daily below EMA50.

Today, after 1.5 months trading below this level, Bitcoin is back in the bullish zone.

Bitcoin actually moved below EMA300 July 14 just to quickly recover the next day.

Today, Bitcoin is trading back above EMA10, EMA50, EMA100, EMA300, MA200 and the rest.

The RSI is now reaching 57 and we have a broken falling wedge.

Bullish momentum is also building up.
This is the last confirmation we need...

The correction phase is over, the higher low.

A new high is now in sight.

I have a trade signal with the targets, will look it up and share it with you later on today.

Thank you for reading.

Thanks a lot for your trust and support; It will pay off; Patience is key!

Namaste.

Commentaire:

Bitcoin closed the day full green and with the highest price since late April to the upside.

Bulls confirmed!