After a short breathing, the course went up almost the entire week and is currently at 605. 35 EUR (659. 23 USD). EMA200 was breached between 19 and 20 October - and shortly thereafter the EMA100.
On October 22, the course was lifted to a new level.
- Currently the price is at 605. 35 EUR (659. 23 USD) at the highest value since the end of July.
The RSI (third panel from the top) is extremely bullish - 71 even overbought. This could, of course, be the case for an early course correction - but as we know from October 22, it can be a day like this!
The Chaikin oscillator chart (lower panel) also fits into this rather bullish picture and is very positive. All in all, the worst is for a short-term course correction, but all the signs are bullish. How does it look on longer time scales?
Good, bullish prospectsWell, it looks great: Even in the 240min chart looks bullish. The Triangle pattern is now really overcome - after it bounced on October 19 at the Resistance desselben. Course, trend and indicators speak a clearly bullish language; recently there was even a bullish crossing between MACD line and signal: So, and what now says the 1D chart? Finally, the same holds true: Price, trend and indicators are clearly bullish. We also see that we continue to follow the long-term uptrend, which has determined the Bitcoin course since the beginning of the year. Unlike in June you can even see an upside since August, which is slightly steeper than the long-term trend. Whether this continues to show, but currently everything looks very good!
Disclaimer: The price estimates presented on this page do not constitute a recommendation to buy or sell. They are merely an estimate of the analyst.
Image Base of data from cex.io