Bitcoin just hit a new high today at $24722 on BitStamp and other major exchanges.
Its price remain trading above EMA10 and all other EMAs.
We have a stable ascending channel in which BTC is trading and all bearish signals that we saw back on Dec. 20-21 have been deleted. Both the MACD and RSI went through a reset and prices continue to aim and climb higher.
Going by the current trend, we have a target next at $25892, followed by $29160 (30K) and finally $44,441... Here is the weekly chart:
Nothing has been able to stop Bitcoin and more stimulus money is coming up... With this type of news now in play, we go with the flow.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.