A lot going on but most indicators show a favorable long term hold of Bitcoin:
1. Bullish Divergence on the daily
2. Daily RSI levels at lowest level since first week of January.
3. Trading above ICH cloud over past 6 weeks
4. 55 EMA support holding firm on daily
5. 222 EMA support holding firm on the 4H
I wouldn't count out a re-test of lower support around 9k before going north but all signs indicate that this bull market is here to stay, even with the recent volatility. Don't count out the publicity that is soon to come prior to the halving. Main stream media coverage will push north. But as we all know...nothing is guaranteed!
1. Bullish Divergence on the daily
2. Daily RSI levels at lowest level since first week of January.
3. Trading above ICH cloud over past 6 weeks
4. 55 EMA support holding firm on daily
5. 222 EMA support holding firm on the 4H
I wouldn't count out a re-test of lower support around 9k before going north but all signs indicate that this bull market is here to stay, even with the recent volatility. Don't count out the publicity that is soon to come prior to the halving. Main stream media coverage will push north. But as we all know...nothing is guaranteed!