#Bitcoin #BTC #BTCUSDT
Not at all. Remember when Bitcoin was trading below $90,000 last month? The bullish tendency was revealed by the fact that Bitcoin couldn't move below $86,500. Any and all selling was quickly bought. Bitcoin looks even better now.
Bitcoin has been trading above $90,000 for nine days. The last time it traded below $86,500 was 18-December, almost a month ago. We are seeing bullish consolidation; slowly climbing prices in anticipation of a strong breakout.
See here how the action continues to happen above EMA34. This means that EMA8, EMA13 and EMA21 are also working as support.
The final barrier is EMA55 and this is a strong level. Once this level breaks, now sitting at ~$92,000, we can see Bitcoin above $98,000 in a matter of days. Then we are back above $100K. So, we get Bitcoin above $100,000 between 20-22 January followed by additional growth.
It has been a nice long boring consolidation period, but it is good that there are no new lows. Patience is key.
Thanks a lot for your continued support.
Namaste.
â Trade here on $BTC
