Bitcoin | Almost Ready For Breakout..!!

BTC/USD (Update)


In weekly Chart, BTC Has been Moving Between 6800-7800 Range From Last 7 Weeks.

On the other hand, Bitcoin is Forming Bullish Flag & Now almost ready for Breakout.

Volume is Decreasing Since Last June & Now Bulls Need More Power for Breakout, For Uptrend.

Major Indicators (MACD, RSI) Are Also Turning Bullish, But We Should wait for More confirmations.

Now Bulls Need to Break the KEY RESISTANCE (7800) for Uptrend/Breakout, If Resistance Rejected Again, We Might See 5.6k In Mid February .

If Bulls Break the KEY Resistance in Next 2 Weeks, Then Targets Will be 9000-9800-10600 in Coming 4-5 Weeks.

Now Let's Take a Look on Weekly Moving Averages,

First of all, We're Facing Weekly EMA10 (7705) , As First Major Resistance.

Second, EMA21 Will be Another Strong Resistance (8100), We're Moving Between Weekly EMA50 & EMA100 From Last 6-7 Weeks & Both Are Play Key Roles as Support & Resistance.


You Can Study My Last Updates,



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