BTC/USDT: The pain is over, new trend emerged
- Since BTC touched 32,917, the whole market is in pain. But the strong pullback to 41,772 from 37,026 on 04 Feb has changed the bearish sentiment: new trend emerged. BTC touched 45,821 and trading above 41,000 support level.
- EMA 14 crossed EMA 21 is a key bullish trend in the short term. My view is that BTC will trade above 41k for the time being, testing resistance level 49,000 and 52,000.
- RSI is also in bullish trend.
- BTC can break below 41,000 and goes lower but the story is different now.
What do you think?
- EMA 14 crossed EMA 21 is a key bullish trend in the short term. My view is that BTC will trade above 41k for the time being, testing resistance level 49,000 and 52,000.
- RSI is also in bullish trend.
- BTC can break below 41,000 and goes lower but the story is different now.
What do you think?
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