AlanSantana

Is Bitcoin Ready To Resume Its Growth? EMA100 Conquered

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Here we are looking at Bitcoin ( XBTUSD ) on the 4H timeframe and we see the possibility of a continuation of the last bullish move.

Right now XBTUSD is trading above EMA100, which is the purple line you see on the chart... Depending o how this level is handled, we will know Bitcoin's next move.

  • Above this level, Bitcoin can easily move higher.
  • If prices for XBTUSD move and close below EMA100 ($7181.5), then we test the lower support.
  • This analysis is for the short-term.

The RSI is strong and the MACD flat while trading on the bullish side. ( Bullish )
There is a good chance for a move to the upside... Please allow time for the charts to develop.

Feel free to hit LIKE if you would like to show your support.

This is Alan Masters.
Thanks a lot for reading.

Namaste.
Comment: MA200 is being challenged right now.
If BTCUSD can remain above this level, massive growth can follow.

Chart:
Comment: Bitcoin Weekly

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