Bitcoin is bullish and crossing vertical resistance
Next target @10k
Good luck
Next target @10k
Good luck
Trade active
Bitcoin price volume analysis1. There was a rejection of lower prices around US$7,500
2. Buying volume started to increase on June 10th
3. A bullish sign was clear when THREE INSIDE UP candlestick pattern formed (pink zone).
4. Even though buying volume slightly decreases price still increased in the past two days meaning momentum is building on the bullish side.
5. The last candle in the 2-day time frame is bigger than the previous candles even though it is reaching the critical US$ 9,000 price zone (pink area).
6. All indicators are clearly bullish as well
7. Taken as a whole this means there is a higher chance that bulls are in control of the market and Bitcoin price will break out the US$9,000 price to reach US$10,000 (at least).
Trade closed: target reached
BTC/USD 10k-11k target reached :)Related publications
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.