📈 When Will BTC Be Considered Bullish?
📅 Date: June 2, 2025
At the current price of $104,936.26, Bitcoin is trading below the 200 EMA (at $106,171.59). The 50 EMA is at $104,844.76, indicating slight short-term strength, but not enough to confirm a bullish trend yet.
✅ BTC Will Be Considered Bullish If:
Price breaks and holds above $106,200 (the 200 EMA).
RSI (currently 42.56) moves above 55–60 with strong buying volume.
MACD shows a bullish crossover and turns positive.
Volume supports the breakout (higher than current average).
Once BTC successfully closes above the 200 EMA with strong volume, it may signal the start of a bullish momentum.
Until then, BTC remains in a neutral to slightly bearish zone on the 1H chart.
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📌 Summary:
> BTC will be considered bullish only if it closes and holds above $106,200 with increasing volume and momentum indicators confirming the trend.
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