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CryptoK_11
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Bullish
Are we seeing BTC back above 70K?
Good morning all my friends! After a very long time, Iām back. I didnāt update any posts due to my own heavy workload and also my personal schedule. I take my time to relax and refresh my brain.
Letās get back to the work today. As we can read on the chart, BTC get rejected again at 71K level and break all the way down back to 66.5K. Then it started recover from yesterday and now trading at 69K area. After the 12H candle closed just now, it successfully closed above 68.5K.
I see this as a bullish sign. Although MACD create a dead cross, but price is still trading above my EMA line. And BTC successfully hold 68.3K level. In this case, I see BTC bullish and I guess it might soon recover back to 71K levels. In the other hand, if BTC break under 68K level and close below 68K in 4H, then it may turn bearish. But everything seems good now.
Itās good to be back and I hope you guys enjoy my analysis. If youāre agree with me, donāt forget to hit follow button. Thanks for your support and all the best in 2024. Peace and love ā¤ļø
Good morning all my friends! After a very long time, Iām back. I didnāt update any posts due to my own heavy workload and also my personal schedule. I take my time to relax and refresh my brain.
Letās get back to the work today. As we can read on the chart, BTC get rejected again at 71K level and break all the way down back to 66.5K. Then it started recover from yesterday and now trading at 69K area. After the 12H candle closed just now, it successfully closed above 68.5K.
I see this as a bullish sign. Although MACD create a dead cross, but price is still trading above my EMA line. And BTC successfully hold 68.3K level. In this case, I see BTC bullish and I guess it might soon recover back to 71K levels. In the other hand, if BTC break under 68K level and close below 68K in 4H, then it may turn bearish. But everything seems good now.
Itās good to be back and I hope you guys enjoy my analysis. If youāre agree with me, donāt forget to hit follow button. Thanks for your support and all the best in 2024. Peace and love ā¤ļø
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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