Bitcoin (BTCUSD) has gone above $10,000 USD for the first time since late April 2018.
Bitcoin cut through this barrier like it was nothing and continues going and aiming higher.
Our next target is sitting at $11780 - $12092 range, which includes February 2018's peak price... Based on the bullishness we are seeing now, Bitcoin can go even higher.
Weekly volume is still average with plenty of room left available for growth on the MACD, with a bullish and almost overbought RSI.
After the $11,780 - $12,092 price range, we have $13,312 followed by $15,255 as resistance.
Looking at higher targets, $17,724.99 Is our peak price from January 2018. The next barrier is Bitcoins (BTCUSD) All-Time High ($19,666 on BitStamp).
As for support levels, we hardly have any red candles on this time frame and we look for EMA10 as our main and first support, which is now sitting at $7981.
If Bitcoin has a strong drop and manages to close below $10,000, then we look for support in the green zone on the chart above.
Altcoins Market Update
As usual, the altcoins are suffering while Bitcoin goes on full bull mode, there is nothing to worry about, here is where patience is key.
We wait patiently for Bitcoin to grow, while the alts move down we rebuy and reload.
Once Bitcoin stops, as I mentioned a few months back, the altcoins will move up and generate massive profits every single day... Enjoy your bullish Bitcoin, as more growth is on its way.
Believe it or not, this is just the beginning of the bull market... Many more opportunities will come.
Thanks a lot for reading.
Namaste.
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LIGHT BEING
The first thing I saw was dark.
There were no instructions... There was no positive or negative... It was nothing... Just dark...
But here we are...
It moved and started to create on its own... Without awareness, it had infinite choices, but without feeling or thinking, it was attracted to and chose love.
Everything else came on its own...
We went from being in the dark... To LIGHT beings and LOVE.
Namaste.
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Bitcoin 2020 Going To $82,352 (Simple 12345 Elliot Wave)
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BitTorrent (BTTBTC) Rebuy & Reload Analysis
Holo (HOTBTC) Double Bottom!
NEO (NEOBTC)(76%) Full Trade
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New Bitcoin update on the daily time frame:
Bitcoin Aims Higher, New ATH 25K, Support + Targets + Altcoins