🅱️ XBT Short-Term 1H | 2-Jan.

Bitcoin (XBT) is moving ahead building momentum... The breakout is going towards the bulls.

As usual, this is our short-term timeframe (1H).

In this timeframe XBT has gone above MA200 and EMA300, our longest moving averages.
This translates into a strong bullish signal.

The RSI is really strong now at 67.

With these signals in place, we can expect higher prices.

Next target is set at $16,840 after the 0.382 Fib. extension gets conquered.
Then we have $16,930 followed by $17,059/$17,221.

Strong support is set at $16,650.

If you want to see additional targets, visit yesterdays trade idea on the 4H timeframe where we look at the resistance levels until $20,000+
🅱️ (₿) Bitcoin 2023 | Multiple Higher Lows Since 2022 | $20,960 Target

Happy new year and thanks a lot for your continued support.

Namaste.

Comment:

I used my last spot for Gold but we can still post updates here... (WIN)

Bitcoin (XBT) manages to move back above our main support, $16,650 and now it looks like its gaining bullish momentum... Some people gave up really fast after 2 red candles:

We continue bullish... Thanks a lot for your support.