#Aug 22: Bitcoin in 4 hr: BTC price is moving in uptrend channel. BTC look bullish as it making continue Higher Low. $48100 is good short term support. and 50k is good resistance, Breakout $50k will help to push price towards $52k-$53k.
US dollar Index can impact in Short term as Global market shows correction when DXY jump. But in mid/long term , BTC have own path to follow.
BTC in day time frame
#Aug 22: #Bitcoin in 1 Day: In last week BTC test MA 200 multiple times and now BTC price well move above 200 daily moving Average which is at $45850. We can also see proper Golden cross between MA50 and MA100 which indicate that BTC market positive and ready for check upper target.
$50000 is resistance for BTC and $44k and $40k is good support area for picking new position.
BTC in weekly time frame
#Aug 22: Bitcoin in Weekly Chart: Weekly chart also indicating bullish momentum in Bitcoin: BTC is making 5th continue green candle on chart and test support in each candle which make it strong. $30000 and $40000 turn into good support for long term holder. $50000 is major resistance and breakout $50k and weekly closing above 50k will open gate for $65k and $100k.
We can also see that MACD turn into bullish on weekly chart and indicating that btc will open for new high in long term.
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