BTCUSD: 31k broke after 101 days! Is 32k next?

Bitcoin crossed today over the 31,000 level for the first time since July 14th with the 1D timeframe reaching overbought technical levels (RSI = 79.604, MACD = 886.400, ADX = 44.053). The upcoming 1D Golden Cross has the strength to push the price even higher and in comparison with February, the parallel HH trendline around 35,000. We may then see a pullback to test the 1D MA50 one last time before the end of the year and the next rally to 45,000. That will be the HH of the Channel Up pattern.

See how well our prior idea has worked:


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##