The BTC price is once again above $100,000. All three basic targets of a sustainable uptrend on the hourly timeframe have been reached.
The price has settled above the 50 EMA on the four-hour timeframe, confirmed by the body of the four-hour candle, and has continued its strong rise. Yesterday's signal of a sustainable uptrend on the 15-minute timeframe turned out to be true, we pointed it out just in time. From the price of $96,705, the increase has already reached 4%.
The price has also transitioned into a sustainable uptrend on the two-hour timeframe, with basic targets of $101,139 and $102,439. There is also a confirmation above the Potential Break level of a sustainable downtrend on the four-hour timeframe. This is quite unexpected, as sellers did not push through even the second target. A very strong signal for continued growth would be a return to a sustainable uptrend on the four-hour timeframe.
The current picture is full of positive signals, at least indicating a return to the range of $98,433-$101,903. On the hourly and two-hour timeframes, the asset shows signals of a local high, so it is reasonable to expect a price pullback - a move towards the lower boundary of the specified range. Exactly within the framework of a retest of the moving average. Otherwise, as long as the price remains above the 50 EMA on the four-hour timeframe, we are waiting for a new ATH.