Bitcoin had its pullback forming a flag and just today it broke out of it indicating a continuation move to the upside. Other technical indicators such as the MACD crossing on the daily support the trend reversal. The RSI is moving into bullish territory (>50). The Fib 0.5 level held well as support while ATH is lining up with the extension fib. Overall, it is looking great for bulls as momentum to the upside is picking up again.
This is not trading advice. Happy trading!
This is not trading advice. Happy trading!
