Long term downwards trend potentially broken
A possible bullish reversal for Bitcoin is present now that the downwards wedge has been broken. All is not clear yet though. For confirmation we need to see a few things first.
1. Confirmation on the volume. We need to see larger volume candles.
2. We need to break above the previous high.
3. We need a bullish signal on the MACD.
If all goes well we could be looking at prices around €12000 in a few months.
1. Confirmation on the volume. We need to see larger volume candles.
2. We need to break above the previous high.
3. We need a bullish signal on the MACD.
If all goes well we could be looking at prices around €12000 in a few months.
Komen:
We are right at resistance now. A weekly close above 8500 will be very bullish. Still fairly low volume. Could be the calm before the storm.
Komen:
About to break bullish as the momentum is turning. Would still like to see higher volume, but the MACD and price action is still bullish.