TiborVrbovsky

Bitcoin Bulls are Back in Action!

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin has broken through $10.560 and found resistance at $10.800.

Now the $10.560 has been retested and the price of Bitcoin is in a Falling wedge, which is a bullish formation.

I expect the gains of Bitcoin to be extended today, reaching $10.800 area.

IEMA's.

Bitcoin has broken through 20 and 50 EMA and retested 50 EMA ($10.560), as long as BTC is above $10.560, it's bullish.

Good luck with Bitcoin today and through weekend!
Tibor

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.