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AlanSantana
Jun 9, 2021 11:59 AM

Bitcoin Bounce With $46,000 Potential Target? See Inside Long

BITSTAMP:BTCUSD240
Bitcoin / U.S. dollarBitstamp

Description

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Bitcoin's price is bouncing after a higher low.

We have a potential target of 45k+ if EMA50 can be conquered first.

Strong resistance at $35,000 to $37,000...
Above this level we can hit $40,000+.

BTCUSD 4H Timeframe Chart Signals

We have some bullish signals on this chart:

  • MACD young bullish cross (This is an early signal)

  • RSI above 50.

  • Higher low in place.
    Prices bounced higher than 19-May.


The correction has been going long enough.

Leave a comment with your thoughts.

This is a short-term bounce.

The charts are always changing.

Plan BEFORE trading.

The altcoins will grow.

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical Analysis
Comments
siddhartawolf
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Good work. I think u could be right about the 46k level. If 46k proves too strong of a resistance we may end up seeing prices go below 30k
AlanSantana
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@siddhartawolf, True... Thanks for sharing.
razuman
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Good analysis! I think the 200 daily MA and EMA are the first line of true resistance somewhere around 41K. But this feels like it has legs.
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