Bitcoin go up or not
https://www.tradingview.com/x/ayVOF5iD/
In these daily and weekly charts, Bitcoin is yet to decide whether to go back to looking for the US$45,000 and pass them or continue looking for the $37,800 area. Tomorrow after Powell speaks it will probably move and we will see where. Based on the indicators, Bitcoin has bounced off the 20-period moving average, yellow, on the daily chart, I think this could happen again. On the weekly chart the ADX, black line in the histogram, continues to show bullish strength and a wave with moving averages with a bullish slope, this indicates that each setback the price would encounter strong resistance in each of these moving averages, prices that would be a buying opportunity, in conclusion I see a probability that Bitcoin will once again seek $45,000 thousand dollars as an initial move
In these daily and weekly charts, Bitcoin is yet to decide whether to go back to looking for the US$45,000 and pass them or continue looking for the $37,800 area. Tomorrow after Powell speaks it will probably move and we will see where. Based on the indicators, Bitcoin has bounced off the 20-period moving average, yellow, on the daily chart, I think this could happen again. On the weekly chart the ADX, black line in the histogram, continues to show bullish strength and a wave with moving averages with a bullish slope, this indicates that each setback the price would encounter strong resistance in each of these moving averages, prices that would be a buying opportunity, in conclusion I see a probability that Bitcoin will once again seek $45,000 thousand dollars as an initial move
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