on the crypto
If the Bulls they will maintain their momentum, which will lead to a heavy one buy-offs which will bring the price of Bitcoin to the resistance level of $ 4.254, but Bull's momentum loss could lead to consolidation around the $ 4.050 level.
Bitcoin quote analysis: Key points
- The bulls are in control of the Bitcoin market
- the cryptocurrency can find its resistance at $ 4,254
- BTC / USD medium term trend: bullish
- Resistance levels: $ 4,254, $ 4,692, $ 4,960
- Support levels: $ 4,050, $ 3,903, $ 3,774.
BTC / USD bullish trend in the medium term
The Bears have lost momentum and they couldn't defend the resistance level at $ 4,050.
The Bulls therefore strengthened theirs momentum and broke the significant resistance level of $ 4.050 as expected last week.
Il Bitcoin price has carried out a new test, the resistance level is $ 4,254 and opened the market today with a bullish Japanese candle.
If the Bulls maintain their momentum, they will lead to a heavy one buy-offs which will affect the BTC's share price at the $ 4.254 resistance level, but the loss could lead to consolidation around the $ 4.050 level.
The 21-period EMA outstripped the 50-period EMA upwards, which causes the uptrend to increase.
The price of Bitcoin is traded above the two EMAs: this indicates that the Bulls are in control of the Bitcoin market.
Short-term trend BTC / USD: bullish
Le bullish candles they broke the price level of $ 4,050 to $ 4,254, but the bulls lose momentum due to bear pressure.
Il BTC price it is currently trading on 21 periods and 50 EMA periods and the two EMAs are gradually approaching each other, indicating that consolidation is currently underway and could occur in the short term.
