Bitcoin Holds EMA10, The Bulls Have The Upper Hand

6 Jul 2022

We can see today that Bitcoin (BTCUSD) managed to close and stay above EMA10 for the first time in several months.

This is great news as we are bullish above EMA10 when it comes to short-term potential.

- The 4th of July BTCUSD closed above EMA10.
- Yesterday this level was tested with a wick below, but the candle closed above.
- Today, we can see another test of this level as support based on the lower wick...

Staying above this level, now at $20,168, opens the doors for imminent growth.

We are aiming high but we go step by step...

- First $22,000 short-term.
- Followed by $24,000 to jump fast to $27/29K.

Depending on how these levels are handled, we will know if it can go higher and hit above 30K.

Thank you for reading and for your continued support.

Stay tuned, there will be more.

Namaste.