Bitcoin | Building Up On Bullish Momentum

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bullish momentum is starting to build up for the BTCUSD ( Bitcoin ) pair.

We have only bullish signals coming from this chart, this is the 12H timeframe.

Let's have a quick look at some of those:
  • MACD high up and strong. The MACD line just crossed above the signal line.
  • The RSI is very strong at 74.81.
  • BTCUSD price stands safely and strongly above EMA10. We consider it bullish , always, above EMA10.
  • The TD Sequential shows room for additional growth.

The trading volume is low but in a bullish cycle, this can be taken as a continuation signal.

The next target is set at $25892 followed by $29000+

Where do you think Bitcoin is headed?

Share with us in the comments section below.

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