Bitcoin
Long

Bitcoin Rally Starts; Correction Over? New All-Time High & More

2 486
Yesterday we had a bearish candle close after a failed challenge of EMA50, which now sits at $58,362.

Today, Bitcoin is clearly moving above this level and beginning to grow.

We have the MACD starting to form a strong upward curve: snapshot

And the RSI hitting 50;
Goes bullish after a higher low: snapshot

All these signals are pointing to higher prices.

Is the Bitcoin correction over?
This is likely...

It is time for the bulls to jump back in.

Note: We still have the $59,000/$62,000 price level as resistance.
EMA100 ($55,000) is now our immediate support.

How far up can prices go?
Leave a comment!

HIT LIKE!

Thanks a lot for your support.

Namaste.

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.