This weekly Bitcoin chart says it all... Please, allow me to reveal to you what the future holds!
Good evening my fellow Cryptocurrency trader, what a wonderful day.
Only one week ever produced a higher close than the current price. Only once, 19-May, Bitcoin managed to close above $107,000... What happens if Bitcoin closes above $107,000? New all-time high confirmed.
Two days remain for the week to close and we—the bulls—only need to maintain a price of $107,000 or higher to send such a strong bullish signal that everybody will come out and start buying.
The next target on this timeframe is $120,000.
Bitcoin is using EMA13 as support. This level was tested and holds, the same for EMA8. When Bitcoin moved above these levels in April, it produced an advance from $83,000 to $112,000, more than 33%. The price now is $107,000 but instead of recovering from below EMA8/13, BTCUSDT is trading above; this means that the bullish bias is fully confirmed.
The weekly timeframe looks great. We can expect higher prices soon, with growth happening for an extended period of time. Bitcoin is very strong now and this is only the start.
I will continue to share proof that shows the entire Cryptocurrency market going up.
Thank you for reading.
Leave a comment with your questions.
Thanks a lot for your support.
Namaste.