Bitcoin (XBT) Challenging EMA300 | Can Lead To $8,111+

6 gen 2020

For Bitcoin (XBTUSD) on the 4H timeframe, the EMA300 line has been working as a very strong resistance and support level.

Notice this chart... Left side:

• When EMA300 was conquered a massive jump in prices followed.
  
• XBTUSD is now trading above this same level and trying to remain above it. If it can remain above, we can expect a huge jump in prices.
  
• The MA200 line, black, is now fully conquered and will work as support if Bitcoin moves lower.
  
• The indicators, RSI and MACD, both are positioned in a way that easily supports additional growth.
  

Here for the longer-term perspective/view with a $48,000 target for Bitcoin:

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This is Alan Masters.

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