Bitcoin still wants to move higher, unless it breaks $8k.
Bitcoin has been moving in the red and green highlighted regression channel and has had a volatile move to the upside when the bottom of the channel was hit before. I think it will go higher this weekend.
Bitcoin has respected the 270 EMA during this uptrend and is doing so right now. Every time the 270EMA is hit, Bitcoin will move up higher.
The 8k level was previous resistance and has now turned into support.
RSI has broken the support but is quite low now and given the analysis above this could be a re-fueling point for the bulls to push prices higher.
Overall Bitcoin will move higher unless it decisively breaks 8k.
Fundamentals are strong and it is a big reason why BTC is having such a strong uptrend.
10k BTC By June 2019
Bitcoin has respected the 270 EMA during this uptrend and is doing so right now. Every time the 270EMA is hit, Bitcoin will move up higher.
The 8k level was previous resistance and has now turned into support.
RSI has broken the support but is quite low now and given the analysis above this could be a re-fueling point for the bulls to push prices higher.
Overall Bitcoin will move higher unless it decisively breaks 8k.
Fundamentals are strong and it is a big reason why BTC is having such a strong uptrend.
10k BTC By June 2019
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