Bitcoin is looking so beautiful right now. The price has already broken out of the upper line of the ascending triangle with a very good volume. It looks like that my previous bias has finally came true. You can see for several perspective that is supporting my bullish bias from this break out of bitcoin.
Break out of the upper line of the ascending triangle has brought bitcoin to the next level which is different. This could be the key point for the next significant moves. The yellow trend line is the resistance trend line that has been formed since the ATH occurred in 2018 which is the strong 2 years trend line. With this current break out, there is a high probability of bitcoin to test this strong 2 years trend line and if it's able to break out of this region, I do believe the next super bull run will occur in the near future!
The RSI on 4 hours chart is now trending above the neutral zone. With the last spike to the upside, the RSI is acting a break out of the boundary between the neutral and bullish zone which is the 60 level.
MACD histogram is ticking up to the positive side too which gives us the extra confluence reason for the bullish bias. I'm still targeting the $10500 to be touched in near future.
Break out of the upper line of the ascending triangle has brought bitcoin to the next level which is different. This could be the key point for the next significant moves. The yellow trend line is the resistance trend line that has been formed since the ATH occurred in 2018 which is the strong 2 years trend line. With this current break out, there is a high probability of bitcoin to test this strong 2 years trend line and if it's able to break out of this region, I do believe the next super bull run will occur in the near future!
The RSI on 4 hours chart is now trending above the neutral zone. With the last spike to the upside, the RSI is acting a break out of the boundary between the neutral and bullish zone which is the 60 level.
MACD histogram is ticking up to the positive side too which gives us the extra confluence reason for the bullish bias. I'm still targeting the $10500 to be touched in near future.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.