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

 

Master Asked on March 18, 2021 in Bitcoin.
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