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.
Merry Christmas & happy holidays. “the divine in me respectfully recognizes the divine in you.” What's your analysis on Litecoin (LTC)? I really appreciate the fact that LTC is in the top 5 market cap cryptos, you can still mine Litecoin on a Mac or on Windows & it still has plenty of +% growth before it surpasses it's all time high.
AlanSantana
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@growerik, I will share it tomorrow.
Thanks a lot for the support.
TheSignalyst
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great and well-defined analysis, thank you for sharing good stuff