Technical Analysis (Weekly Prediction) - Bitcoin [04/10 - 11/10]

If you're planning to trade crypto for short term duration, bitcoin will be good option for you.

Being in more technical way, its respecting trend line initiated from 15/09.

Observing 1 hr chart-

• Looking at EMAs, they've already shown upward moment, after correction at ~$4275.
• Also, MACD shown pullback with good magnitude, giving hint of bullish sentiment for next week, at least.

So, I'm stading bullish for short term with BTC/USD -

Target - ~$4600+ ( Previous resistance ) , and if it cuts, with minor correction BTC should hit ~$5000+ nearly within coming 2 weeks.
SL - $4240. If it cuts, then major correction will begin to fall upto min ~$4000.

Thanks.
Happy Trading...!!😊😊