Bitcoin Again In Bullish Range, Finds Support At The EMAs


BTCUSD price has found support at the 200-EMA which is a good sign and also it provided a bullish EMA crossover in the past which is holding the trending up.

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BTCUSD Price Analysis: 1 D Chart

BTCUSD Price Analysis
BTCUSD Price Analysis

For now, BTCUSD is forming this huge parallel channel where it has the possibility to form a bullish flag when the flag confirms to the upside.

The volume is decreasing which means it can increase in volume and volatility soon. After the trend has confirmed we will see how bullish BTCUSD really is. The RSI is sending moderate signs where it is consolidating in the middle line this can
mean it will visit the oversold or overbought region when the price is trending.

The MACD shows some mixed signs where it confirmed a bearish crossover but this was not really valid because the MACD is slinging in one and another.

  • TREND: Sideways, support found
  • FORMATION: Possible Bull-Flag
  • EXPECTATION: Breakout
  • PREV: 9009.30
  • OPEN: 9008.33
  • VOLUME: 3.073K
  • DAY’S RANGE: 8933.06 — 9191.72

Summary

BTCUSD Price Analysis: Bitcoin Again In Bullish Range, Finds Support At The EMAs

Article Name

BTCUSD Price Analysis: Bitcoin Again In Bullish Range, Finds Support At The EMAs

Description

BTCUSD price has found support at the 200-EMA which is a good sign and also it provided a bullish EMA crossover in the past which is holding the trending up

Author

Vince Prince

Publisher Name

Coingape

Publisher Logo


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