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Bitcoin Higher Lows (Short Term Analysis) Potential Breakout

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin ( XBTUSD ) has been hitting higher lows on the 4H time frame and is now trading above MA25 with MA99 now working as immediate resistance.

If XBTUSD can break MA99 with good volume , you can expect a move to the $3900-$4000 range short term.

If XBTUSD fails to break MA99 and breaks and closes below MA25 ($3805), then you can look for the green trendline or last low to be tested.

We have another rejecting of sellers on the last candle (candle yet to close). This can lead to a breakout to the upside if the bulls can follow up.

What's your take on Bitcoin short term?

Feel free to hit like before you share...

Thanks a lot for reading.

Namaste.
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Something like this - bottom of the channel, 0 rsi, 1,618 fibo.
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Part I:The Story of Ichimoku – What a Man in the Mountain Sees

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I am not sure if I agree with you. Remember me? I am bad news lol
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I'm still looking for one more leg down before we get the reversal. BTCUSD H4 Update, Z down? Checkout the idea detail's and all the update's for the complete picture.
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