Everybody Can See It Now... Bitcoin Going Higher!

25 ביולי 2021

Just a few days ago there was a lot of friction in the comments section just because we were fast to point out that Bitcoin was looking to move higher...

I understand, for some people it takes longer to see "the writing on the wall".

Looking at the chart as it is now, it is becoming clear that Bitcoin is set to continue moving higher.

The volume bars are a strong indicator.
We can see the green bars being always bigger than the red bars.

We also had a very long correction followed by consolidation period.

Finally, the RSI is at its highest since mid-June.

We have prices trading above MA200 and EMA200 on this timeframe, with immediate resistance at around $35,000.

Even with this resistance in place, we believe Bitcoin can continue and move ahead.

Please tell me, what's your take?

Thanks a lot for reading again.

Namaste.