Bitcoin Continues Going Higher & Higher ($11,660 Next?)

Bitcoin continues going higher and higher, fulfilling all of the positive expectations people are having, maybe even the one of reaching $11,660 next...

Welcome to this daily update for Bitcoin, please allow me to entertain you for a few minutes... Let's take a look at the charts:

Bitcoin Daily Chart

Looking at the daily chart above and past history, we believe Bitcoin can continue going higher, with the next resistance sitting at $9240 short term and the immediate support being $8500 followed by EMA10 ($8110). Bitcoin is really strong and bullish right now.

Bitcoin Weekly Chart

The weekly candle that was supposed to be a "hanging man", ended up closing higher as a bullish hammer. Our charts for the weekly time frame were always bullish and this turned out to be true.

Bitcoin Monthly Chart

We saw the monthly time frame recently and we were really bullish on this chart, this is also playing out. We have high volume and this month candle looks like it can go straight to $9900+.

Bitcoin is now trading above strong resistance and with more growth to come.

Take a look at my previous analysis for Bitcoin (BTCUSD):

BITCOIN Moving to the upside... As predicted...

Bitcoin Will Disappoint Many People... But Why?

Bitcoin Monthly Update (Chart 100% Bullish & Scenario + Other)

Thanks a lot for reading.

Feel free to hit like if you enjoyed this post.

This is Alan Masters.

Namaste.

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