Bitcoin 4H update on EMA55/89 —Sideways, bearish or bullish?Bitcoin / TetherUSBINANCE:BTCUSDTMasterAnandaWe are back. Bitcoin had some trouble last time around EMA55/89 and instead of a break of this resistance we witnessed a rejection. All is well that ends well. I am happy to report that Bitcoin is trading once more above EMA55 but EMA89 4H continues to be a barrier, one that is likely to break next. The retrace did nothing but the action continues to happen sandwiched between multiple support levels; short-term, mid-term and long-term. Also, I have to be straightforward with you; while bullish now with good momentum, the chart is still 100% sideways. The range trading conditions are invalidated only when Bitcoin produces a higher high. A price target above $72,271. When this happens, the bullish bias is confirmed on the lower timeframes. Right now we are looking at a neutral market for Bitcoin with bullish potential. Just as we can favor bullish potential others might favor bearish potential. The winner only the market knows. So far, resistance is being threatened more than support and this gives the bulls the upper-hand. It is Saturday. The week and month are about to reach a close. While everything is possible, up or down, the market is looking better all across. A good close today can support additional growth. Bitcoin is about to close five consecutive red months. This alone calls for some relief, on top of the oversold conditions. All the signals we visited in the past three weeks, bullish signals, are not invalidated by the market as it is. These signals are becoming stronger with each passing day. With each day that Bitcoin trades above $60,000, we get closer to a bullish wave. We are going up. Thanks a lot for your continued support. The altcoins market continues to support the bullish scenario. There is nothing bearish about the market and charts. The only bearish conditions are those that already reached its end. The end of the bearish wave is the strongest signal of all. Thank you for reading. Namaste.