BITCOIN must break next area with force



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BITCOIN must break next area with force

Daily

The next area from 9040 till 9678 is fast if we look to the past, but the last time it took Bitcoin 13d of resistance and the first day of these was a pump too 10800
The 50EMA is getting closer to the 100EMA and 200EMA
8500 now has support from the 20EMA
A retracement to 8700 would be healthy, in bullish momentum, Bitcoin doesn't retrace.

4 HOUR

You could see a double top but it's not a valid one, because the RSI made a high instead of a low
Forming a Cup and Handle is possible with a retrace to the previous Orderblock at 8700 = 0.382 fib level
If Bitcoin bounces of this 0.382 level this means a strong move which is needed if it wants to break the next area
It has Support from daily support and Ichimoku

Conclusion

It would be good to see that Bitcoin made a retracement back to the Orderblock at 8700$ before a move up. Next previous resistance sits at 9635$
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