Bitcoin Starts To Gain Momentum | $8,000+ Or $10,000 Next?

Bitcoin (BTCUSD) printed a massively bullish candle on the 18th of December, you can see it marked with a blue circle on this chart.

This candlestick printed high volume and managed to break above multiple resistance levels.

Many people are saying that Bitcoin will now go lower, and this is surely possible, but they are ignoring this signal.

Right now, on this timeframe, 12H, we are seeing a break of EMA50 (yellow) and EMA10 (green) already conquered, which is strongly bullish. (EMA50 needs candle closure for confirmation).

This move is just developing (taking form), if the candle close is strong, Bitcoin will continue going higher.

Here you can find additional information on a shorter timeframe (4H) | Bitcoin (XBTUSD):

Thanks a lot for reading.

Namaste.

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Bitcoin update on the weekly timeframe: