Bitcoin Bounce Confirmed? 9K Possible, How & Why?

28 Sep 2019

Bitcoin's (BTCUSD) bounce is starting to take form.

We can see a new higher high on the 4H timeframe, as well as a break above EMA10. This candlestick that is open now closes in a few minutes for confirmation.

Trading volume is low which is normal on a weekend/Saturday, but we can clearly see an ascending triangle (not drawn) and a broken bearish flag. These two are both bullish signals.

If BTCUSD remains above EMA10 ($8155) on this timeframe, you can expect for it to move higher...

Our last analysis mentions a potential bounce to 9k but... You can see it here:

Thanks a lot for the support.

Namaste.

1 Okt 2019

Catatan

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