$BTC H12 Bullish Territory Regained.
• Market trading above bullish NT.
• Market reentered VAL; AVP plot from ATH to recent low.
• Market regaining bullish zone as it currently trades above the H12 EMA200.
• Evidently, price is also above the EMAs, which are already curving up due to the recent buying pressure, teasing a GX in the upcoming days once this bullish momentum continues.
• Price also breaking above its 50% key resistance trendline; 62% level test imminent.
• TFO in extremely overbought zone signaling a potential short-term correction wherein it will likely bounce from just above the upper neutral line and continue curving up.
Key break points:
• $65,727.54
• $66,482.94
• $67,436.04
• $68,449.30