Market is finally giving us some confirmation.
Bitcoin is showing resilience as it trades at $51568, having found a stable footing above the lower Bollinger Band which suggests a support level around $50621. The recent close is higher than the opening price, indicating buyers have stepped in to push the price upward.
The MACD, a key indicator of momentum, has swung into bullish territory with the MACD line (-122) above the signal line (-145), pointing towards a growing bullish trend.
Meanwhile, the RSI is at 53.54, which is neutral and indicates that there is room for movement in either direction without being in the overbought or oversold territory. The current price is just above the Simple Moving Average (SMA) of $51000, which could act as a pivot point for future price movements.
Given these indicators, traders may look for the price to challenge the upper Bollinger Band at $51900 as a potential resistance in the short term. The positive change in volume compared to the last session also suggests increased buying interest.
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Bitcoin is showing resilience as it trades at $51568, having found a stable footing above the lower Bollinger Band which suggests a support level around $50621. The recent close is higher than the opening price, indicating buyers have stepped in to push the price upward.
The MACD, a key indicator of momentum, has swung into bullish territory with the MACD line (-122) above the signal line (-145), pointing towards a growing bullish trend.
Meanwhile, the RSI is at 53.54, which is neutral and indicates that there is room for movement in either direction without being in the overbought or oversold territory. The current price is just above the Simple Moving Average (SMA) of $51000, which could act as a pivot point for future price movements.
Given these indicators, traders may look for the price to challenge the upper Bollinger Band at $51900 as a potential resistance in the short term. The positive change in volume compared to the last session also suggests increased buying interest.
Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
Trade chiuso: obiettivo raggiunto
Turned out exactly as expected:Nota
No description, read the chart:Trade attivo
Here is an update now that BTC is near ATH:
Nota
Here what this confirmation has done so far:
Nota
Update: Expect ATH at any hour now. The market is bullish now.Nota
Updated:
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💎 Telegram Channel: t.me/MonoCoin_Public
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.