Bitcoin: Finally a Confirmation

已更新
Market is finally giving us some confirmation.
Bitcoin is showing resilience as it trades at $51568, having found a stable footing above the lower Bollinger Band which suggests a support level around $50621. The recent close is higher than the opening price, indicating buyers have stepped in to push the price upward.

The MACD, a key indicator of momentum, has swung into bullish territory with the MACD line (-122) above the signal line (-145), pointing towards a growing bullish trend.

Meanwhile, the RSI is at 53.54, which is neutral and indicates that there is room for movement in either direction without being in the overbought or oversold territory. The current price is just above the Simple Moving Average (SMA) of $51000, which could act as a pivot point for future price movements.

Given these indicators, traders may look for the price to challenge the upper Bollinger Band at $51900 as a potential resistance in the short term. The positive change in volume compared to the last session also suggests increased buying interest.


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交易結束:目標達成
Turned out exactly as expected:

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註釋
No description, read the chart:

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交易進行
Here is an update now that BTC is near ATH:

Bitcoin: Trend or Trap?
註釋
Here what this confirmation has done so far:

Bitcoin: Approaches Crucial Resistance
註釋
Update: Expect ATH at any hour now. The market is bullish now.

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註釋
Updated:

 Bitcoin: to Surpass All-Time Highs
Bitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysis

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