Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Descripción
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Bitcoin continues going higher and higher, fulfilling all of the positive expectations people are having, maybe even the one of reaching $11,660 next...
Welcome to this daily update for Bitcoin, please allow me to entertain you for a few minutes... Let's take a look at the charts:
Bitcoin Daily Chart
Looking at the daily chart above and past history, we believe Bitcoin can continue going higher, with the next resistance sitting at $9240 short term and the immediate support being $8500 followed by EMA10 ($8110). Bitcoin is really strong and bullish right now.
Bitcoin Weekly Chart
The weekly candle that was supposed to be a "hanging man", ended up closing higher as a bullish hammer. Our charts for the weekly time frame were always bullish and this turned out to be true.
Bitcoin Monthly Chart
We saw the monthly time frame recently and we were really bullish on this chart, this is also playing out. We have high volume and this month candle looks like it can go straight to $9900+.
Bitcoin is now trading above strong resistance and with more growth to come.
Take a look at my previous analysis for Bitcoin (BTCUSD):