Bitcoin: Monthly Chart Eyes Next Run
Trader Tardigrade posted that Bitcoin's monthly chart is ready for the next run, with price at $77716.01 showing bearish EMA structure yet bullish MACD on the 4h timeframe.
SourceAnalysis
Trader Tardigrade stated on October 31 that $BTC monthly chart is ready for the next run.
Price sits at $77716.01 inside the Bollinger Bands with upper resistance at $81556.07 and lower support at $75473.49. The 50-EMA at $79538.14 and 200-EMA at $81263.2 define the bearish trend structure while RSI at 40.62 remains neutral. MACD at -781.31 has printed a golden cross, hinting at building momentum that could lift price toward the upper band before any deeper test of the 50-EMA support.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.