Bitcoin Continues Slowly Growing... Will Continue Up?

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Prices for XBTUSD ( Bitcoin ) hit EMA300 and MA200 on the 2nd of April by reaching $7299, a big rejection followed and we ended with a bearish candle close.

After moving lower and testing as low as EMA10, prices resumed their growth and this same level, EMA300, is being challenged again today... MA200 has already been conquered.

Since EMA300 (now at $7239) is a strong resistance level (equivalent to EMA50 on the daily timeframe right now), there can be some struggle before going further up...

What will Bitcoin do next?

It depends on how this day closes.
  • If prices break and close above EMA300, we have a higher chance of going more up (green arrow).
  • But if there is no strength to break up, prices will retrace and test EMA50 at $6695 before trying again to go up.

Did you follow our previous analysis?

What's your take on Bitcoin now?

Thanks a lot for your support.

Comment: -
Recent Bitcoin (XBTUSD & BTCUSD) Analysis
Bitcoin | $6,800 Target Remains Valid

Bitcoin Bulls Gain Momentum, Where Is The Next Target?

Bitcoin Continues With Mixed Signals
Comment: 🅱️ Bitcoin Weekly Full Analysis (GOING UP MID-LONG TERM - $20K+)
🌐 Alan Masters Trades PREMIUM| The Best Altcoins Trades

🟥 Alan Masters Crypto
🌟 Binance Calls

➡️ Telegram



Great work
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out