BitCOIN Call: Updated Call
Bitcoin closed the week above the 21D MA. This means that Bitcoin is on the way up as the 21MA or Moving Average compiles in the past 21 Days average.
Moreover, recently it was announced that USD Tether was released into the market. This is usually an indication that the market will pump.
Nouvive’s Market Sentiment indicator, ViFeed has been illustrating for the past consecutive 8 Hours that there are far more bullish tweets about Bitcoin than any other Traditional finance instrument at the moment.
There are volume gaps in the market especially around $6650 and $6800. This is an indication that we will revisit those figures, especially as it resides under the 90D MA.
If the past 48 Hours are an indiciation of where Bitcoin is moving to, it appears that BTC is willing to move above the 21/55 Moving Average illustrating, we will move straight past $6650, straight to the $6800 level before, closing the week at $6200.
Always Take Profit.
Nouvive recommends a Leveraged long from $6460 to $6800.
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