We can finally get some air with a daily candle closing above the upper line of the channel.
Bullish signals:
-Bitcoin closed a candle above channel resistance (+++)
-The 1D MACD indicator crossed up
-We will soon have the 1D MA50 support out of the channel as well
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We still need to see a couple other good candle closing to confirm sustainable upward pressure. If that happens we could retest the 42k resistance line with good strength.
If we then close above 42k we could potentially run up to 48k-50k and see what happens with those psychological "landmarks".
For now we can check the 1D MA9 for short term support.
Hope this helped you in your analysis. Thanks for reading!
Bullish signals:
-Bitcoin closed a candle above channel resistance (+++)
-The 1D MACD indicator crossed up
-We will soon have the 1D MA50 support out of the channel as well
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
We still need to see a couple other good candle closing to confirm sustainable upward pressure. If that happens we could retest the 42k resistance line with good strength.
If we then close above 42k we could potentially run up to 48k-50k and see what happens with those psychological "landmarks".
For now we can check the 1D MA9 for short term support.
Hope this helped you in your analysis. Thanks for reading!
