Bitcoin | Building Up On Bullish Momentum

Bullish momentum is starting to build up for the BTCUSD (Bitcoin) pair.

We have only bullish signals coming from this chart, this is the 12H timeframe.

Let's have a quick look at some of those:

• MACD high up and strong. The MACD line just crossed above the signal line.
  
• The RSI is very strong at 74.81.
  
• BTCUSD price stands safely and strongly above EMA10. We consider it bullish, always, above EMA10.
  
• The TD Sequential shows room for additional growth.
  

The trading volume is low but in a bullish cycle, this can be taken as a continuation signal.

The next target is set at $25892 followed by $29000+

Where do you think Bitcoin is headed?

Share with us in the comments section below.

Namaste.