Bitcoin completed its retrace 13-June 01:00 AM with a higher low at $102,663. Price action and trading volume indicates that the bearish move is over. Bitcoin is trading above support in the form of 0.618 Fib. retracement.
Bitcoin is turning bullish moving above EMA34, EMA21, EMA13 and EMA8 all in this current active session.
Immediate support stands between $105,293 and $105,314.
Next support is $104,533 and main support $104,282 matching the 0.618 Fib. retracement level.
Next target easy hit is $106,625, followed by $107,559. The second being a mild resistance.
Bitcoin can easily continue higher short-term aiming next at $108,989 followed by the last high at $110,586. Depending on how this level is handle we can update the short-term view.
The 1H timeframe is bullish now based on price action, candlestick patterns, higher lows, moving averages and the oscillators.
Namaste.
Bitcoin is turning bullish moving above EMA34, EMA21, EMA13 and EMA8 all in this current active session.
Immediate support stands between $105,293 and $105,314.
Next support is $104,533 and main support $104,282 matching the 0.618 Fib. retracement level.
Next target easy hit is $106,625, followed by $107,559. The second being a mild resistance.
Bitcoin can easily continue higher short-term aiming next at $108,989 followed by the last high at $110,586. Depending on how this level is handle we can update the short-term view.
The 1H timeframe is bullish now based on price action, candlestick patterns, higher lows, moving averages and the oscillators.
Namaste.
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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.