BITCOIN Will it test the 4H MA50 or MA200?

This is a quick update on Bitcoin's recent neutral price action.

BTC is clearly consolidating but this sequence is no stranger to us. We have seen this sideways structure a few times since November. The RSI on the 4H time-frame is near its 1st buy zone, which is where the 4H MA50 (blue trend-line) tends to Support Bitcoin and provide the necessary buy accumulation for a push higher. If that zone fails, the the RSI 2nd buy zone is where the 4H MA200 holds and pushes the price up. Same structure for the LMACD as well, which tests these zones after a bearish cross (red arrow). Time your buys (if you are a medium-term 4H trader) accordingly.


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