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Moshin_GW
Mar 11, 2021 1:11 PM

Will the $BTC/USD newest bullish run begin? Long

Bitcoin / U.S. dollarBitstamp

Description

BTC has set a new record high in JPY.

The Dow Jones Industrial Average also hit a record high on the 10th, and the dollar fell. Riding on this flow BTC has been gaining momentum at a stretch.

In the near future, price movements that are conscious of the $56,000 line are unfolding. The daily MACD golden cross is still strong, and it seems that we will aim for $60,000 first.

If the dollar-denominated price exceeds the highest ever, with the momentum, we can see the upper limit of the rising parallel channel of $68,000 and 7.38 million yen.

The situation is that additional economic measures have been passed and expectations for economic recovery are increasing. It seems necessary to consider the scenario of the cryptocurrency market explosion during March.
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