The crypto has continued to hold to the bullish trend as it aims at the price target of $13,900. The market might even go above this barrier to set up a higher high level.
Supply levels: $9,500, $11,400, $13,900
Demand levels: $7,600, $5,500, $3,200
BTCUSD Medium-term Trend: Bullish
The coin Medium-term trend has been bullish, after days of corrective price movement the crypto re-assumed its initial bullish call, thus the break out of the price resistance level of $11,400 triggered a bullish momentum that shuts the price toward the price resistance level of $13,900. And a further break out of this level will mean putting the price at a higher high level.
The price has gone far away from the 14 and 50 Exponential Moving Averages, showing a strong bullish Indication, while the MACD Indicator is yet to confirm the bullish call.
BTCUSD Short-term Trend: Bullish
The Short-term trend is a bullish one, presently the coin is in a corrective price market, the price seems to be pulling back a little, but may re-align with the major trend soon.
The price has returned the 14 Exponential Moving Average due to corrective market indication, while the MACD Indicator is showing a weak market 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.