Retraces and corrections have been non-existent, maybe a few red-candles or one long lower wick and then more growth... Something similar can happen again.
The next resistance is now set at $28377 which is yesterday's high...
On the , we continue to look pretty good:
When we go to a lower timeframe, 4H as shown on the main chart above, we can see that Bitcoin ( BTCUSD ) is still strongly .
Yesterday, we were able to spot the drop based on the printed on at 4:00 UTC ... But prices are now back above EMA10.
Remember this, we stay always above EMA10.
As long as prices stay above EMA10, the bulls are on top.
If prices move and close below EMA10, we look at the potential.
Right now, Bitcoin is trading above EMA10 on both, the 4H and Daily (D) timeframes putting the bulls ahead.
The is also super-strong.
So, we remain but on the lookout... Bitcoin is likely to resume its growth.
What's your take?
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