Bitcoin's bullish trend remains strong, pushing to a new high of 74,000. We perfectly reached the target yesterday, closing at 44,000➕180 points.
From the 1-hour chart, the candlesticks are under pressure at the upper Bollinger Band, with MA5 and MA10 forming a death cross. From the 4-hour chart, the candlesticks face resistance at the upper Bollinger Band, with moving averages forming a golden cross, and the bullish momentum bars beginning to shrink.
Morning forecast: around 73,000-73,500, looking towards 72,000-71,000 Morning forecast: around 2,150-2,170, looking towards 2,100-2,060
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Bitcoin's bullish trend remains strong, pushing to a new high of 74,000. We perfectly reached the target yesterday, closing at 44,000➕180 points.
From the 1-hour chart, the candlesticks are under pressure at the upper Bollinger Band, with MA5 and MA10 forming a death cross.
From the 4-hour chart, the candlesticks face resistance at the upper Bollinger Band, with moving averages forming a golden cross, and the bullish momentum bars beginning to shrink.
Morning forecast: around 73,000-73,500, looking towards 72,000-71,000
Morning forecast: around 2,150-2,170, looking towards 2,100-2,060