Bitcoin (XBTUSD) Descending Channel, Bullish Flag & MA200

4 Jan 2020

Going back to MA200 on the 4H timeframe, Bitcoin (XBTUSD) has been going above and below this level on multiple occasions, basically giving us a sideways Bitcoin since late November.
This Bitcoin looks like it will eventually make a strong move to either side... In the meantime, the altcoins continue to grow.

We can clearly see a descending channel marked with purple dotted lines, as well as a big bullish flag.

We have some mixed signals here but the bulls are ahead as long as XBTUSD remains above MA200 and EMA10.

The important support and resistance levels short-term are marked on the chart with dashed blue and magenta lines.

Thanks a lot for reading and for your amazing and continued support.

Thanks | Namaste.