After a bullish wedge break and having cleared the key 50-day moving average earlier this week, bitcoin bulls will now be eyeing a break above $95,000, especially with indicators such as RSI (14) and MACD signalling strengthening topside momentum.
A break and close above $95,000 would generate a bullish setup, allowing for longs to be established above with a stop beneath for protection. While some resistance may be encountered around $100,000, a move beyond that psychologically important level may encourage bulls to look for a run towards the record high above $108,000.
In the interim, bids have been noted at $91,750 with sellers emerging on pushes above $94,000.
Good luck!
DS
A break and close above $95,000 would generate a bullish setup, allowing for longs to be established above with a stop beneath for protection. While some resistance may be encountered around $100,000, a move beyond that psychologically important level may encourage bulls to look for a run towards the record high above $108,000.
In the interim, bids have been noted at $91,750 with sellers emerging on pushes above $94,000.
Good luck!
DS
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