Bitcoin: Holds 200-Day MA, Eyes $75,000 Break
Michaël van de Poppe reports Bitcoin holding its 200-day moving average while crawling higher, with the first resistance target at $75,000.
SourceAnalysis
Bitcoin is holding the 200-day moving average and crawling higher, Michaël van de Poppe stated, with the immediate hurdle at $75,000.
At $74719.07 the 4-hour chart shows price below the EMA50 at $75694.56 inside a bearish structure against the EMA200 at $79234.28, yet the MACD golden cross at -496.05 and neutral RSI at 48.76 keep momentum intact while the pair trades inside the Bollinger band between $73049.41 support and $75852.74 resistance.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast