Bitcoin has finally broken the 200 EMA on the daily chart, which we have not seen since July 2018. This move is definitely way stronger than the last time we broke above, so that just puts a little more favor on the bull side as far as the break above the 200.
Not only is price breaking above 200 EMA, but also the 8EMA is beginning to break above the 200 and we saw that briefly the last time before trending back lower, so that’s just something to keep our eye on. If we start to see the the 13EMA break above the 200, this would be a good indication that we could be going higher.
Check out the video above for the full in-depth analysis. Daily chart with some significant levels is posted below: