OTCbid - Bitcoin Price Takes Breather at $21k Two Month High - Is $30k by End of Month Possible?
" Past data show that we are approaching one of the best times to buy Bitcoin.
" Bitcoin price is extending the week-long rally that has seen it blast past $20,000 for the first time since early November. Bulls have $24,000 in sight, but first, they must disperse the stubborn seller congestion zone at $21,000.
Bitcoin Price on The Cusp Of A Bull Market
Over the last two weeks, Bitcoin price has disapproved calls for further downside action to $13,000 and $9,000, and analysts are changing the tune in favor of a sustainable bullish breakout.
The bullish outlook in BTC price started after flipping above the 50-day Exponential Moving Average (EMA) (in red). However, the next break past the 100-day EMA (in blue) resolved the bulls' presence in the market, paving the way for a much-needed move through the falling trend line (dotted).
Bitcoin price now trades at $20,720 after tagging a new yearly high of $21,383 as the green candle stretched its wick. A breakthrough resistance at the 200-day EMA (in purple) is necessary for BTC to confirm a macro bullish outlook.
" - Read More
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