Look at Bitcoin and Crypto Go 👀🚀
BTC is working toward showing the kind of character change I’ve been waiting to see.
Price is now back above the 200-day moving average, something we haven’t seen since the topping process began last fall.
From here, I’d actually prefer to see a pullback and consolidation rather than price just running straight up. Ideally, BTC establishes a higher low, similar to what we saw in 2023, and then turns higher to break out to a new high.
That would also give the 50-day moving average time to rise back above the 200-day, while allowing the 200-day to flatten out and eventually start trending higher.
Higher high. Higher low.
Price above the 200-day.
50-day crossing back above the 200-day.
200-day turning higher.
That’s the character change I’m looking for.
Crypto is getting interesting again. 👀
$BTC
