Imagine you had put $100 into BTC when it was at $70k last month. One trader I know noticed it stayed above both its 20‑hour (73.5k) and 50‑hour (67.5k) SMAs, yet it’s still nudging up. That’s a clear sign of a weak‑to‑medium‑term bullish bias.
BTC’s 4‑hour momentum is +5.8%, and the price sits just above the 20‑hour SMA. The 20‑hour line is a critical support; a break below would be a bearish warning. Right now, it’s holding, which some traders view as a good time to accumulate on small pullbacks.
The recent news headline “Bitcoin’s Rally Leans on Fears That Fiscal Strains Are Mounting” shows that market sentiment is still supportive. The combination of a strong 4‑hour trend and the price staying above both short‑term SMAs suggests a bullish setup.
Consider buying on dips toward 73.5k and aiming for a target near the next resistance at 80k. If the price stalls, set a tight stop at 70k.
Some traders use this signal to build a position before a potential breakout. Are you ready to add to your BTC basket?
#Bitcoin #BTC #Crypto
Not financial advice.
BTC’s 4‑hour momentum is +5.8%, and the price sits just above the 20‑hour SMA. The 20‑hour line is a critical support; a break below would be a bearish warning. Right now, it’s holding, which some traders view as a good time to accumulate on small pullbacks.
The recent news headline “Bitcoin’s Rally Leans on Fears That Fiscal Strains Are Mounting” shows that market sentiment is still supportive. The combination of a strong 4‑hour trend and the price staying above both short‑term SMAs suggests a bullish setup.
Consider buying on dips toward 73.5k and aiming for a target near the next resistance at 80k. If the price stalls, set a tight stop at 70k.
Some traders use this signal to build a position before a potential breakout. Are you ready to add to your BTC basket?
#Bitcoin #BTC #Crypto
Not financial advice.