Bitcoin's higher timeframes are turning up
Bitcoin looks bullish, with several trend signals flipping to the upside at once.
- Four different timeframes are now pointing up, a strong sign momentum is shifting higher.
- Price is climbing off recent lows with three rounds of bullish divergence backing the move.
- The 5-day trend turned up in early July and is still holding, now making a higher low.
- The 10-day trend just twisted up for the first time since the March rally.
- Low volatility and supporting signals add to the case for more upside.
Outlook: The setup points toward Bitcoin grinding higher, with the 21 EMA near $70,000 as the next likely target.
## Bitcoin Levels
- **Bias:** Bullish
- **Targets:** ~$70,700 (21 EMA)
- **Support:** $62,000 (2-week pivot turning up)