The below is the daily chart of the bitcoin. The EMAs are in a bullish stack with the green 5-day EMA above the orange 13-day EMA, and the orange 13-day EMA above the black 34-day EMA. The RSI(9) is above 50 and indicative of a bullish momentum (blue rectangle). Moreover, the EMAs have good angle and separation indicating that the underlying momentum is strong. The cryptocurrency is attempting to break above overhead resistance around the $5,450 level (red shaded horizontal). If successful, it will be regarded as a bullish development.
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