As I already analyzed bitcoin after price actions between its key levels it finally reached to my target .
so now in 4H timeframe again , we are witnessing of crossing over of lower EMAs by higher EMA which is bullish sign solely .
also it has broken its long descending trendline which is another bullish sign to change the recent downward trend .
but as you know it has 2 strong resistance in its rising way , and always it should be able to go above the pivot area and establize on it to reach higher resistance level about $48k.
otherwise if it failed to do that . it can decreases again to support box area.
๐resistance level: $47000 -$48500//$56500-$58850
๐pivot zone: $41800-43200$
โ๏ธsupport levels: $36600- $38000 & EMAs (20EMA yellow-50EMA light blue-100EMA purple -200EMA dark blue)
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
so now in 4H timeframe again , we are witnessing of crossing over of lower EMAs by higher EMA which is bullish sign solely .
also it has broken its long descending trendline which is another bullish sign to change the recent downward trend .
but as you know it has 2 strong resistance in its rising way , and always it should be able to go above the pivot area and establize on it to reach higher resistance level about $48k.
otherwise if it failed to do that . it can decreases again to support box area.
๐resistance level: $47000 -$48500//$56500-$58850
๐pivot zone: $41800-43200$
โ๏ธsupport levels: $36600- $38000 & EMAs (20EMA yellow-50EMA light blue-100EMA purple -200EMA dark blue)
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
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