TradingShot

BITCOIN on a 1D MACD Bullish Cross! Is 65k next?

Long
BITSTAMP:BTCUSD   Bitcoin
Just a quick update on Bitcoin's short-term price action.

The MACD indicator on the 1D time-frame just made a Bullish Cross. As you see last time it made that formation was on Feb 02/03. Common feature is that both today and then that happened the same time the price broke above the -16° angle Lower Highs trend-line from the top (i.e. Higher High of the Channel Up).

What followed next was a continuous rise with the next consolidation (mini) phase being on the 1.5 Fibonacci extension. That is currently at $65000. Is this BTC's next target?



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