the daily chartist

Bitcoin showing signs of life

published 1 year ago
Bitcoin Daily

 Maybe the time to buy has come at last? It seems so as Bitcoin and overall the Crypto market started to move again with big buy orders and a large volume in place. On the daily graph, the price has managed to show its head above the top triangle line, which is considered a breach as momentum and RSI are showing buy signals as well. The signal has revealed itself on the 16th so congrats to anyone who bought there. With the aggressive move, the price has breached the $7000 psychological level and managed to close above it. For now, BTC is taking a break with temperate profit takings and new buy orders flowing in. With this move also the price has tested, breached and closed above the MA50 as well. Next on the list is the 200MA and a new Golden Cross. Even though, everything can change rapidly at any moment in regards to sentiment and in direction. For me, it is not yet calm enough and certain to say: "To the Moon!".