This changes everything.
Now, $13880 is the next barrier when we look at the and where prices are headed...
Above $13880, there isn't much resistance.
If BTCUSD can break above this level, we will surely see the $16400/$17900 range be hit next and finally another stop at $19,000/$20,000+.
Since the week of March 09 low, there hasn't been that much or strong action.
We see a very strong higher low when we use the candle close for late Dec. 2019 and March this year.
We are also seeing pressure continuously going to the upside and now BTC is aiming to challenge the June 2019 peak.
Chart Signals Bitcoin Weekly
1) We have prices trading above EMA10 and all other EMAs. ( )
2) The is on the zone while aiming higher. ( )
3) The is super strong. ( ).
This is the weekly Bitcoin chart as it is now...
I've marked several levels all the way to $48,000+.
- The magenta dashed lines are for resistance.
- The blue dashed lines are for support.
All the additional details can be seen on the chart.
Feel free to leave a comment if you have any questions.
Thanks for the comment.