Bulls Boost Bitcoin Beyond $13,000
Bulls have continued to make their presence known on Wednesday. Bitcoin (BTC), as of the time of writing this, is changing hands for $13,050 apiece, marking the highest the asset has been since late-June, prior to the brutal $4,000 dump following the blow-off top at $13,800 . This rapid bullish reversal, which took a mere two weeks’ time, accentuates that Bitcoin is clearly in an uptrend.
If Bitcoin manages to close a daily candle, let alone a weekly candle, above $13,000, many analysts, including Crypto Hornhairs and Josh Rager, are sure that a move to establish new year-to-date highs will come in the coming days.
In fact, as Satoshi Flipper has pointed out, the Moving Average Convergence Divergence (MACD) indicator on Bitcoin’s one-day chart flipped green, implying that there is a number of days of upside possible without a notable pullback.
$BTC on the move