BTC showed a bullish signal on the 4-hour timeframe
The RSI indicator is leaving the neutral zone and turning bullish. What could have happened?
The latest news is:
1. Kevin kept interest rates unchanged in a 10-to-2 vote on the 28th—yesterday.
2. Bitcoin ETF inflows for three consecutive days.
3. A breakout above the EMA 365 and support at the EMA 427 on the 4-hour timeframe, with the RSI leaving neutrality (50) and moving into the bullish zone (55–59), confirms that buying momentum is gaining traction—it’s not just a one-candle spike.
⚠️ Caution
It could be a false breakout if the price drops back to $79k.
News Pending
Trump sent Iran a deal to end the war, with a response deadline of the first day of next week, Sunday, November 1.
DYOR
$BTC
The RSI indicator is leaving the neutral zone and turning bullish. What could have happened?
The latest news is:
1. Kevin kept interest rates unchanged in a 10-to-2 vote on the 28th—yesterday.
2. Bitcoin ETF inflows for three consecutive days.
3. A breakout above the EMA 365 and support at the EMA 427 on the 4-hour timeframe, with the RSI leaving neutrality (50) and moving into the bullish zone (55–59), confirms that buying momentum is gaining traction—it’s not just a one-candle spike.
⚠️ Caution
It could be a false breakout if the price drops back to $79k.
News Pending
Trump sent Iran a deal to end the war, with a response deadline of the first day of next week, Sunday, November 1.
DYOR
$BTC
