Bitcoin 1H Update | Moves Ahead

We are back with another short-term update for the BTCUSD pair.

We've been looking at the 1H timeframe and following how Bitcoin is going from bearish to bullish.

We have some additional/new positive signals developing on this chart.

On this timeframe, Bitcoin has fully conquered EMA10, EMA50 and EMA100.
The bulls have the upper hand.

The trading volume is low but creeping up slowly.
The RSI is really strong and we can see how the downtrend line has been broken; signaling additional growth.

In this short-term move the first target is $30K followed by $31.5K.
The goal is $35,000 at which point we zoom out to see if a correction will soon follow or even higher is possible.

The yellow space on the chart is for the targets.
The blue space is for support.

Thanks for reading and for your continued support.

Namaste.

Transakcja zamknięta: osiągnięto wyznaczony cel:

Our short-term target has been reached.

Feel free to visit my profile for more updates and new targets.