BITCOIN Needing To Hold Closes Above EMA's

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Bitcoin needs to hold closes above the EMA band levels. Likely, we will see consolidation as volumes are decreasing. We do need to see the EMA's holding support. We already have a close above the trend resistance, so now we need to establish strong support.

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Technical analysis shows bullish momentum to the upside. I'm still likely looking for consolidation before a furthered rally.

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Ideally, this is what I'm expecting to happen. We rallied well almost doubling in price, so we need consolidation as is typical with any chart pattern.

Happy trading!

BITCOIN Needing To Hold Closes Above EMA's | Ecency