The crypto was able to break a resistance level yesterday and on the move to a key level resistance. This level was tested last week but had a price rejection, the market went for a corrective movement, but the coin is now going back to this resistance level.
Supply levels: $95, $114, $139
Demand levels: $76, $55, $32
BTCUSD Medium-term Trend: Bullish
BTCUSD is now on the bullish go ahead, after breaking the $114 price level the coin is now going up the major price resistance level of $139. And a break of this level will automatically shut the price to a new higher high target, but rejection will mean a bearish trend reversal.
From the daily chart, the 14 and 50 Exponential Moving Averages have maintained a bullish setting, with the price drifting away from the 14 EMA, while the MACD Indicator is yet to confirm the bullish trend.
BTCUSD Short-term Trend: Bullish
The Short-term trend of the crypto is unequivocally on the bullish trend, this tide was confirmed after the coin broke a resistance barrier yesterday, and the market is targeting a key level now.
The 4-hour chart is indicating that the price is above the 14 and 50 Exponential Moving Averages, and the MACD signal lines and Histogram bars are crossed for a bullish trend.
Please note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.