Hey there crypto pals.
Bitcoin price has been bouncing around these two levels for the last 4 days.
That gave a chance for the 200 EMA on the 1hr chart, to approach the price.
When the price and the EMA are together, they want to spread appart. I'm expecting that, when this happens, the price sees a rejection from the 200 EMA and has a pump up to the next level, between the 59k and 60k.
This will pull the rest of the market up.
We might see very good price action during the next days.
Trade according to the levels.
Happy trades and happy easter!
Bitcoin price has been bouncing around these two levels for the last 4 days.
That gave a chance for the 200 EMA on the 1hr chart, to approach the price.
When the price and the EMA are together, they want to spread appart. I'm expecting that, when this happens, the price sees a rejection from the 200 EMA and has a pump up to the next level, between the 59k and 60k.
This will pull the rest of the market up.
We might see very good price action during the next days.
Trade according to the levels.
Happy trades and happy easter!
