yesterday, BTC pulled intensely to the upperside and is now above the three Simple Moving Avarages. This is a bullish dominance signal, and while the price is above the 152 Simple Moving Average, I expect a rally to the upperside, In the meantime, I'm waiting for the 152 Simple Moving Avarage to cross below the 14 SMA to confirm a possible momentum to the upperside. On its way upwards, the key lines to look for include $6,582, $7,121, and $7,799. If these lines are broken, then a rally towards last years highest high is expected. As it is on the chart attached, if you went short previously, then take profits now.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Imelda Maseno
Analyst of «FreshForex» company
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