Hi,

The price of Bitcoin has shown quite consistent growth, slow but still consistent. The price has managed to close above 45k and that was an important level to capture because 45k has played as a strong horizontal level. (Read about it in my previous post)

So, a new mid-term higher high has been printed, and let’s search some possible entry areas from where we can use that current advantage for bullish moves.

The first area is already in place at the moment. As said previously, 45k has been a strong price zone and after the breakout, it can be a classical break&retest situation. There is also a tiny inside bar candlestick pattern, some EMA’s – So, you can start building your positions from the current price but save some ammo for later also.

Save some ammo because we might see a bit deeper retest to the 40k zone.

Waited for that move for almost two months, so let’s see was it worth waiting for it! 🙂

Good luck,
Vaido