Long

Bitcoin Rally Starts; Correction Over? New All-Time High & More

Yesterday we had a bearish candle close after a failed challenge of EMA50, which now sits at $58,362.

Today, Bitcoin is clearly moving above this level and beginning to grow.

We have the MACD starting to form a strong upward curve:

And the RSI hitting 50;
Goes bullish after a higher low:

All these signals are pointing to higher prices.

Is the Bitcoin correction over?
This is likely...

It is time for the bulls to jump back in.

Note: We still have the $59,000/$62,000 price level as resistance.
EMA100 ($55,000) is now our immediate support.

How far up can prices go?
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