BTC price against USD on the daily chart officially resumed its bullish trend after a spectacular 10-days green streak, with the daily candle finally piercing through the Kumo cloud. Some other positive signals give strenght to the bullish direction of the price in the near term specifically:
However, the Chikou span (yellow line) is still within the Cloud, which means it could still be a bumpy ride upwards, with nearest strong resistance corresponding to the upper limit of the cloud at around 44500 usd.
Overall the bold price move of today above the cloud is still the most significant signal that the bullish trend has resumed.
BTCUSD
- Bullish T/k cross
- future cloud turned green
However, the Chikou span (yellow line) is still within the Cloud, which means it could still be a bumpy ride upwards, with nearest strong resistance corresponding to the upper limit of the cloud at around 44500 usd.
Overall the bold price move of today above the cloud is still the most significant signal that the bullish trend has resumed.
BTCUSD