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Bitcoin ( BTCUSD ) | Daily (D) Timeframe Analysis
- Circled in green, we can see the pattern.
- We can see a young crossover.
- histogram going in favor of the bulls.
- Hit oversold.
- Higher low was yet yesterday compared to the 30-Sept.
We are not there yet... These are early signals as they are still developing and the charts are always changing.
BTCUSD is still trading below EMA10 (green line on the chart), which gives it potential.
Before we can confirm a move much higher, this barrier needs to break.
BTCUSD needs to close daily above $8260 to confirm its potential.
$7700 is our main support and last low. Above this level, we keep the potential scenario.
Below $7700, Bitcoin can easily move lower.
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