AlanSantana

🌟 Bitcoin To $30,000 or Higher? Nothing Says It Has To Drop!

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Today is Sunday and we are seeing Bitcoin ( BTCUSD ) moving back above the EMA10 ($17856) green line.

After testing EMA21 as support, this level clearly holds, its price is now resuming the strong and steep bullish action we were enjoying before.

We know that the entire market is strongly bullish because we have Bitcoin growing together with the Altcoins.

Normally you would see the Altcoins retrace big when Bitcoin is growing but instead they are growing together.

Getting back to Bitcoin and looking at the Exponential Moving Average lines... We can say that Bitcoin will head towards a new All-Time High ( ATH ).

As EMA21 was tested for the first time since October, BTCUSD printer a higher low...
After a higher low, we easily get a higher high.

This next move is easily aiming at $21259 which would be a new All-Time High.

Here I have two additional targets at $27900 and finally $32,000+...

When we look at my analysis for early November, I ❀️ Bitcoin To $30K? Hits Highest Level Since Jan. 2018, it seems that this is what Bitcoin is now aiming for.

What's your take?

See the previous idea below:

Thanks a lot for your continued support.

Namaste.
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https://t.me/ascryptocurrency

Comments

Price is moving up correctly with low momentum. Let me know how buying into low bullish momentum works out for you over a large sample size. πŸ‘
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