BTCUSD Gains Ground 

BTCUSD CHART PRICE – BTCUSD DAILY

After a bumpy last week and a rough start on the new trading session Boitcoin has managed to make small progress, currently trading for 11,783, we can see the Relative Strength Index increasing from 52 to 56% which is a good reference to believe that an uptrend could continue, we had not seen BTC at these RSI levels in more than a month, the bollinger bands are squeezing but not enough to expect low volatility,, for now they are still wide, although not as wide as we were getting used to in the last month, the new resistance at 12,488 has been hard to reach, in the last 7 days it has not been even close, but we can expect the price to increase a little bit in the short term, but it could take some time before we see new highs on BTC since the stock market is going well, many traders already took advantage of the crypto spike and are now reinvesting in other markets, but we believe there is still some juice to squeeze.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.