fxstreet.com 11 Feb, 2021 13:45 am

Bitcoin ultimate liftoff to $50,000 in the offing

Bitcoin ultimate liftoff to $50,000 in the offing
Bitcoin's rally seems to have lost steam or cooled off before it might resume again. The rest of the market has slowed down apart from selected altcoi

A golden cross pattern recently formed on the 4-hour chart after the 100 Simple Moving Average crossed above the 200 SMA.BTC/USD 4-hour chart Despite the bullish narrative, it is essential to realize that the Moving Average Convergence Divergence has printed a bearish picture.ETH/USD 4-hour chart If Ethereum closes the day under $1,800, it is unlikely that the swing to $2,000 will occur as expected.XRP/USD 4-hour chart It is worth keeping in mind that slicing through the buyer congestion at $0.

However, the channels' middle boundary resistance must come down for the expected upswing to materialize.Closing the day above the middle boundary will confirm the stability.

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