Is BITCOIN ready for 35K again???

2021年1月23日

As we continue to bounce from support found around the 30K level, BTCUSD finds itself with a fight against the 12hr 50 EMA to try and reclaim 35K range once more. However, the bears seem to have the upper hand at the moment and are putting up a very significant fight. If the bears do indeed succeed, they could push BTCUSD back to do 30K and perhaps all the way to 28K-26K level where we find our next support zone.

On the daily chart we see RSI trying to retest the 50 level once again and find MACD still on a downward trajectory but still above our 0 line.

Please don't hesitate to share your ideas or post any comments below.

2021年1月23日

注释

Just as I am uploading the video, BTCUSD is started to retest the 50 EMA (yellow line) on the 12hr timeframe and our last candle has now turn bullish. If we can re-claim the level, BTCUSD could go up and test 20 EMA (purple line) which is around 35K. Keep in mind a lot can still happen as there's still a lot of time before this current candle closes.