Bitcoin | Building Up On Bullish Momentum

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Bullish momentum is starting to build up for the BTCUSD (Bitcoin) pair.

We have only bullish signals coming from this chart, this is the 12H timeframe.

Let's have a quick look at some of those:
  • MACD high up and strong. The MACD line just crossed above the signal line.
  • The RSI is very strong at 74.81.
  • BTCUSD price stands safely and strongly above EMA10. We consider it bullish, always, above EMA10.
  • The TD Sequential shows room for additional growth.


The trading volume is low but in a bullish cycle, this can be taken as a continuation signal.

The next target is set at $25892 followed by $29000+

Where do you think Bitcoin is headed?

Share with us in the comments section below.

Namaste.
Commentaire
Bitcoin hits our first target at $25892 and is going for the second target in the low $29000... Depending on how the second target is handled we can share a new update analyzing the next move.
Commentaire
We have some bearish signals developing... This might be it!
snapshot
Commentaire
Who has the nuts & seeds to take this on... ???

Bitcoin going short?
See below!
Bitcoin Prints Bearish Divergence With MACD & RSI
alanmastersaltcoinsBeyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDcryptoCryptocurrencyTechnical IndicatorsTrend Analysis

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