A beautiful week as bitcoin has made everyone smile to the bank. In case you missed the move you can still partake by maximizing the next pullback.
Bitcoin price is now fully bullish and we should only look out for bullish setups.
The trend moved to the upside after breaking the 2weeks consolidation. This zones held the buyers and sellers for over a month.
This week we expect that bitcoin will continue to the upside and touch higher highs.
Before the next possible entry, we need to see a pullback which is accompanied with a MACD downwards cross before we have or next MACD upwards cross as a confirmation of a continuation to the upside.
Looking at the technical indicators:
- Major Support Level – $9,785