Bitcoin is now aiming at $9099 or MA200 on the daily timeframe, we looked at this indicator multiple times in the past as our main target for this current bullish move...
The question is this, will Bitcoin go higher and hit $10,350, last high, or start falling after hitting MA200?
Right now we are starting to see volume come in for BTCUSD, which is very important to confirm this move.
The "major trendline" has been broken but not yet confirmed, this is only confirmed when the daily candle closes later today.
If prices for BTCUSD can remain above this trendline, we are likely to see some additional bullish action. But if prices go back down and close below, we are likely to test support.
With a strong RSI and a bullish MACD, it is likely that Bitcoin will go higher... What's your take, will it go higher or will it retrace?
See here... Bitcoin Reverses? Aiming At $10,000+ Now? Warning - See Inside!