Hello everyone, we're into a "Long Winter"....Really looking to see the sun(moon?) again! So let me share with you what the chart and some indicators are telling me today...
After crossing the first resistence at 7200$ to start a bullish movement, BTC targets next 7800$, 8400$, 8800$.
On 4 hour chart:
MACD - 50,100 showing a bullish crossover...
Fib 0.618 breached, once strong resistance, now has potential for strong support, next target 10k resistance level.
RSI oversold, MACD strong buying pressure, still room to reach the top from PPO perspective.
Seeing strong resistance at fib 0.618 rejected 4 times, bear flag formation, failing to break upwards will retest ema200 again around 7800-7900$ if breaches will seek next fib level (0.786) at 6322.28$.