RE: Bitcoin Rallying Towards $60K
Less than $500 to go to re-take $60K and it looks like we should see Bitcoin do just that any minute now
Bitcoin Rallies Towards $60K Resistance, Short-Term Support Seen at $56K
“Oversold signals on the hourly relative strength index (RSI) identified in yesterday’s post triggered a near 10% rally.
Bitcoin is now overbought on the hourly chart, which was previously seen around $61,000 – the all-time-high that was short-lived.
Support is around $56,000, defined by the 50-period volume weighted moving average on the hourly chart.
The daily chart still shows slowing upside momentum, but trend support remains intact.”
https://www.coindesk.com/bitcoin-60k-resistance-technical-analysis
It hit $60,000 a couple of hours ago and is now sitting around the $57,500 mark thinking about where it’s going next.
