Yesterday, January 14, the price of Bitcoin was in the bullish trend zone. At the previous low of $3,500, the bulls made a bullish movement and broke the 12-day EMA and the 26-day EMA. The crypto’s price is trading above the $3,700 price level. Today, the price of Bitcoin is in the bullish trend zone. The 26-day EMA is acting as a support for the price of Bitcoin.

The crypto’s price is likely to rise since it is above the EMAs. Meanwhile, the stochastic is in the overbought region but below the 80% range which indicates that Bitcoin is in a strong bullish momentum and a buy signal. The MACD line and the signal line are above the zero line which indicates a buy signal.

On the 1-hour chart, the price of Bitcoin is in a bullish trend zone. Yesterday, the crypto’s price was ranging at the $3,500 price level, as price broke above the 12-day EMA and the 26-day EMA. The crypto’s price is above the EMAs which indicate that price is likely to rise.

The price of Bitcoin is ranging above the $3,700 price level. Meanwhile, the stochastic is out of the overbought region but above the 20% range which indicates that Bitcoin is in bearish momentum.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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