Bitcoin All Time High In Near Future? - Support Established
As you can see, the long run support dating back to early 2017 rejected the recent downfall of BTCUSD from its peak position. Since this rejection, a new support line has become prevalent. We may be able to expect an rapid increase in price during the coming months if the support continues to reject any down thrusts.
Additionally, on the 1 week MACD curve, the short run moving average is edging towards an upthrust of the long run moving average. This will be for the first time since Bitcoin's original growth towards 19,000. If this breakthrough is successful, we can expect the support to remain solid as an all time high comes across the horizon.
Additionally, on the 1 week MACD curve, the short run moving average is edging towards an upthrust of the long run moving average. This will be for the first time since Bitcoin's original growth towards 19,000. If this breakthrough is successful, we can expect the support to remain solid as an all time high comes across the horizon.
Note
Just to clarify, the MACD in the chart is 4 hour, not 1 week.You will have to observe 1 week separately.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.