Bitcoin Starts Gaining Momentum, Now Above MA200, Where To Next?

Bitcoin (BTCUSD) is started to gain momentum now and leaning towards the bulls.

We had a strong move just a few days ago and a retrace took place.
We are now seeing a falling wedge (in black) that has been broken and BTCUSD moving above EMA100 and MA200.

Chart Signals & Indicators

• The volume is still low and needed for confirmation.
  
• We need a strong close on the 4H candle for additional bullish action.
  
• The RSI is strong/bullish above 50.
  
• While the MACD is starting to curve and the histogram going in favor of the bulls.
  

Do you think this is it?
Will Bitcoin grow this time around or will it retrace further?

Share your thoughts with us in the comments section below.

This is Alan Masters.

Thanks a lot for reading.

Namaste.

Comment:

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