Yesterday Bitcoin went straight up in a big surge, holding firmly above the 80,000 mark in one go. The single-day gain was nearly 6%, and the broader market rose across the board as well. A large part of this rally was driven by short positions being liquidated, forcing the bears to stop-loss
On the 4-hour chart, the moving averages are still in a bullish alignment. The bigger upward trend hasn’t been broken yet, and price remains steadily above the short-term moving averages.
Long on BTC around 80200, targeting 84000 0$BTC
On the 4-hour chart, the moving averages are still in a bullish alignment. The bigger upward trend hasn’t been broken yet, and price remains steadily above the short-term moving averages.
Long on BTC around 80200, targeting 84000 0$BTC