Bitcoin
Panjang

Bitcoin: Bulls will move the price to upper levels!

Actually, I expected a correction to 42K level before moving above 50K levels. But now, from what I see in the chart, it seems that we can expect the bullish rally to be continued for a while. The ascending triangle has been broken and retested from the upper line, and at the same time, we can see that RSI is increasing. RSI divergence does not seem to work out here, and instead, I expect to see higher levels of RSI as well.

Always do your analysis before any action.

Good luck!
Technical IndicatorsTrend Analysis

Penafian