The 50 -day SIA moving average (EMA) is about to cross over each of 100 EMA and EMA Luxor 26, a technical signal that can be reliable as, if not more than that, from the traditional golden cross in terms of its effects on momentum. If the market conditions remain stable, this rapprochement may indicate a strong start pool. A common dynamic indicator for mid -time jump is 50 EMA.
When 50 EMA crosses above 100 EMA, it reflects a continuous shift in purchasing purchase pressure. Even short -term traders follow the direction if it also exceeds 26 EMA. This is a strong confluence that indicates that confidence is generally rising. Each of 50, 100 and 200 EMA is still much higher than the main average Bitcoin on the graph, and they began to accumulate in an upward way.
The original currently works to unify between $ 103,000 and $ 104,000 after it recently decreased above the main resistance level of $ 100,000. Based on its structure, it seems that Bitcoin has already formed a base and currently stops before it continues its upward path. The relative power index is currently stabilized around the level of 70, and remains outside the peak area. In the past few sessions, the size, which is common during the stages of monotheism, has been deduced, especially after a great outbreak.
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It is important to remember that Bitcoin has continued at these levels despite the activity of the aggressive whale and the short -term profit that aims to strangle the growing momentum. Traders should closely monitor whether Bitcoin can maintain more than $ 102,000 in the near future. Bulls will have a high -condemnation entry point if this level is successfully re -tested, and EMA crosses 50 from 100 and 26 EMA.
This is a momentum supported by the morale of the structure and the context of the market, not just a traditional technical preparation. If verified, this Bitcoin may pay closer to its next main goal, which is to re -test the highest level ever at about 109,000 dollars.
