Bitcoin Breaks $105,000 and Nears its all-time High

From startrader.com

Bitcoin still shows a strong bullish trend on the daily chart. Price is moving above moving averages (5, 10, 30) with clear bullish crossover RSI is in the overbought levels near 70, indicating strong bullish momentum but a potential for a pullback. Key Levels to watch in the short term are: Support: Around 92,000–95,000 ( which represents previous consolidation and the moving average MA30). Resistance: 105,063 ( which represents the latest high). The uptrend remains intact with higher highs and higher lows shown on the chart. Caution is needed if RSI crosses 70 as it may trigger profit-taking and sudden decline in ... (full story)