Bitcoin Sideways: Higher Low: Needs Higher High for BULL (4H TF)

After sellers rejection on the 22nd Jan., marked by a bullish hammer candlestick, Bitcoin (BTCUSD) challenged the resistance levels marked as EMA50, MA99 and EMA100.

No luck for the bulls, the push was quickly rejected by the bears which led to additional "Bitcoin sideways", which is exactly what I mentioned would happen at the beginning of January... Lots of sideways action, which is great to trade altcoins for amazing profits.

Now, a higher low is being printed on the 4H TF.

The bulls need to maintain this higher low and follow up by with a higher high (break above $3750) in order for a bullish perspective to develop.

In the meantime, Bitcoin continues sideways.

Thanks for reading.

Namaste.

Comment:

Bitcoin (XBT) LONG Trade

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