🅱️ Bitcoin Bullish Bias Remains Strong, $30,000+ In Sight

16 Mar 2023

Good Thursday my fellow Cryptocurrency trader and Bitcoin lover, I am hoping you are having a wonderful morning/day/night, depending on where you live.

Bitcoin's bullish bias remains really strong.

Today's price is already trading higher than the previous two sessions close, a very strong bullish signal.

As Bitcoin produced massive volume to break above EMA300, the following day this level remains untested, prices continue high.

As the MACD went bearish within the short-term correction, this indicator is back again on the bullish zone.

The RSI is already above 60... Remember the "overbought" RSI signal? The real mean is "super-strong".

Volume is also favoring the bulls.
With the green days volume being super high, the red days volume being super low.

The immediate resistance is quite clear, the final level to break before $28,000 and $30,000+ soon enough.
This level is $25,200... That's the last resistance point.

As soon as this level breaks, within days, we will hit our next target just to consolidate for additional growth.

At this point many have doubts, bears continue to short but when looking at the price action and what is happening, it is clear that the trend is up.

Never bet against Bitcoin.

The market moves in cycles.

You don't need to become fixated into one view, you can just go with what the market does.

When it goes down you go bearish; great, yes!
When it goes up... Up it goes.

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See you on the next one.

We will be looking at hundreds of Altcoins with great potential now that the correction is over, the confirmation comes from Bitcoin, look at the massive force with which is price jumped after hitting the MA200 low/support.

Namaste.

P.S. We might have to extended our bullish wave duration time... Some early signals are pointing for something quite unexpected.
The upward targets might need to be updated as well... To the upside! Good news!