Bitcoin In New Bull Market
Bitcoin has FINALLY broken above $70,000, making a higher high for the first time since the all time high in March. This has been the level to watch for months.
Anything can happen in markets, but from a technical perspective the bearish arguments are dead, alongside the bearish market structure of lower highs and lower lows.
We also have a golden cross between the 50 and 200 MAs, as discussed a few days ago.
Things are looking great.
The bull is back.
Anything can happen in markets, but from a technical perspective the bearish arguments are dead, alongside the bearish market structure of lower highs and lower lows.
We also have a golden cross between the 50 and 200 MAs, as discussed a few days ago.
Things are looking great.
The bull is back.
scott.melker@texaswestcapital.com
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