Bitcoin Continues Aiming Higher -Short-Term Analysis, 6.8K Next?

Yesterday we looked at Bitcoin (XBTUSD) short-term, on the 1H timeframe, and mapped the next move.

Our first target hit right away, you can see it below:

After our first target was hit at $6645, prices quickly retraced and tested EMA50/EMA300 while printing a higher low.
With prices now trading above EMA10 and MA200, XBTUSD can resume its growth.

NOTE: The current 4H candle needs to close for confirmation. Prices for XBTUSD are currently challenging EMA10 and MA200.

A bullish breakout of the bullish flag and we can see XBTUSD hit our next target at $6830... What's your take?

Share with us in the comments section below.

Thanks a lot for reading.

Namaste.

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Comment:

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