Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Bitcoin: Bulls Are Back

Published 01/14/2021, 07:34 AM
Updated 07/09/2023, 06:31 AM

Life has come back for Bitcoin as the crypto king's performance has been attractive once again. It seems like the pain is over for Bitcoin, and there may not be any period of consolidation as Bitcoin has started to march towards all time high once again.

On the 4-hour time frame, the price has jumped above the 50, 100, and 200-day SMA, which is the first bullish signal for Bitcoin. As long as the price continues to stay above these, the chances are that we will see higher highs for the Bitcoin price.

The RSI, which was trading near the oversold regions, has also started to move, which confirms a positive correlation between the price and RSI—a sign that Bitcoin price is likely to continue to move higher.

BTC Chart

Latest comments

How can I trade this?
pls when is best to buy bitcoin?. thanks
when is the best time to sell bitcoin from the moment ?
At the top
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.