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Up $100: Bitcoin Price Indicators Grow Increasingly Bullish

From coindesk.com

Bitcoin (BTC) looks likely to inch higher toward $6,800 in the near-term, as the technical indicators have grown increasingly bullish in the last 24 hours. Notably, the 14-day relative strength index (RSI), which measures the speed and change of price movements, has jumped to 59.04 – the highest level since Sept. 4. A reading above 50 indicates that bullish forces are acting on the security. So, it seems safe to say that the leading cryptocurrency is looking most bullish in two months. At press time, BTC is changing hands at $6,510 on Coinbase, representing a $100 or 1.5 percent gain on a 24-hour basis. The current ... (full story)

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  • Category: Technical Analysis