BTCUSD New Highs in a Year 

BTCUSD CHART PRICE – BTCUSD DAILY

Bitcoin continues to reach new highs week after week even with some setbacks it has managed to overcome the losses, it is hard to tell when the price could start dropping, but we have seen this before and it did not stop until the 20,000’s it will depend a lot on the fundamental factors as well, our technical indicators tell us that it should start dropping however at this point they are not very accurate as the crypto price is driven more by the market, as an example the Relative Strength Index is above 70% and that does not seem to stop the uptrend, the bollinger bands started to get narrow but we still see high volatility on Bitcoin, and the resistance keeps moving up as we find new highs.

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.