BITCOIN: Possible GOLDEN CROSSOVER ?
Bitcoin finally broke the trading range with a big green candle all the while managed to stay above 200-Day EMA and now trading above it right after it faced the 12% rejection last week. The overall picture is becoming more bullish, although it needs to hold above this range($42k-43k) to turn fully bullish and failure in doing so will lead to small retracement.
If we look at the current price structure, we can see the 50-Day EMA and 200-Day EMA are nearing along with the price action and if this bullish momentum goes on for the next coming days there's a high possibility that we may witness a GOLDEN CROSSOVER (this is a bullish breakout signal which indicates the arrival of a bullish market) within the next 30 days or sooner.
Now, the next zone which can act as a major resistance zone is $45.5k and $48k and it seems we need to lookout how BTC approaches this important zone as this move can be crucial for the whole market and for the GOLDEN CROSSOVER to occur. Let's see how the price action builds up for BTC in the near future.
Here's the previous update on BTC brefore the breakout of the trading range :-
DYOR.
CryptoCuriousOfficial 📥
If we look at the current price structure, we can see the 50-Day EMA and 200-Day EMA are nearing along with the price action and if this bullish momentum goes on for the next coming days there's a high possibility that we may witness a GOLDEN CROSSOVER (this is a bullish breakout signal which indicates the arrival of a bullish market) within the next 30 days or sooner.
Now, the next zone which can act as a major resistance zone is $45.5k and $48k and it seems we need to lookout how BTC approaches this important zone as this move can be crucial for the whole market and for the GOLDEN CROSSOVER to occur. Let's see how the price action builds up for BTC in the near future.
Here's the previous update on BTC brefore the breakout of the trading range :-
DYOR.
CryptoCuriousOfficial 📥
Comment:
Currently inside the Resistance zone. Let's see if it breaks or not.
Trade active:
It did crossed.
