BITCOIN Seeing EMA Support -- Breakout Likely Coming!

Bitcoin is heavily supported by price levels and the EMA levels right now. This is a great sign for the bulls! Despite several bear attempts to push prices lower, bulls have held. There's big resistance at the $7,500 level right now, but a break with volume will send prices even higher to get $7,750 and then $8,400.

Signs are still good all around! On the daily we see inside bars and are looking for that bull break.

Also on the daily, we're looking for the reversal and bullish crossover of the EMA's. This should be a great sign we need.

Bitcoin is still my preferred trading crypto right now. It's by far the strongest and this is mainly attributed toward the BTC ETF announcement coming up. I doubt it will pass (maybe like 25-30% to pass), but the market is pricing this excitement in.

Congrats to the bulls -- we're still seeing people hold longer term (especially until the announcement) and there's not much selling. Plenty of buying and I'm sure we will see some break from consolidation here before too long.