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BTC/USD Breaks Higher. Is the Bitcoin Tide Turning?
The tide may be turning for BTC/USD. With buyers lining up to buy dips below $108,000 last week, delivering an engulfing candle on Thursday, the bullish signals continue to pile up for bitcoin. Earlier today, the price smashed through the downtrend from the record highs, helped by extremely elevated risk appetite that has seen major equity indices across Asia surge to record levels. With bullish momentum signals being triggered across an increasing number of timeframes, the path of least resistance may now be higher, not lower. The chart below is split into two panes, with the larger one on the left looking at ... (full story)
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