Bitcoin's Pitchfork, MA200 & $25,222 Next Fib. Based Target

16. Juli 2022

Hello my fellow cryptocurrency trader, I am hoping you are having a great weekend/Saturday.

Bitcoin is doing good today.

Please allow me a few minutes of your time to read this chart...

See how MA200, the black line on the chart, was first challenged and then tested as support.

Now BTCUSD on the 4H timeframe is trading above this level which opens the door for additional growth.

Based on the Fibonacci extension tool, the next target is set at $25,200+.

We also plotted a pitchfork, giving us multiple trendlines that can work as resistance and support.

On top of these signals we have a volume breakout and the RSI strong.

This is only the beginning...

Believe it or not it is still early.

We are expecting additional growth.

Namaste.

17. Juli 2022

Anmerkung

It is likely to continue straight up.
For those wondering...