BTC is hold the 9 EMA and above support lines.
We will likely see another test to EMA 25 potentially liquidating some people but not lower than the previous low, There's previous pressure created from $45K and we are slowly stair stepping towards breaking out to $48K.
Beyond
48K
we will need to re-analyze and see the direction as we will be approaching extension levels.
We will likely see another test to EMA 25 potentially liquidating some people but not lower than the previous low, There's previous pressure created from $45K and we are slowly stair stepping towards breaking out to $48K.
Beyond
48K
we will need to re-analyze and see the direction as we will be approaching extension levels.
Trade closed: target reached