Bitcoin Breaks The Ascending Triangle - Price Soaring!
We've been sitting in that ascending triangle for nearly 3 weeks but today we've broke out of it! Bitcoin shot up to around $12,500 USD and is currently sitting at around $12,344. This is great news as a move was expected and it went up not down!
Hopefully you planned your purchases right, as we're looking very bullish and who knows when Bitcoin will be below $10K again, if ever!
Looking at the charts we see a continuing bullish behavior and all the signals are bull signals. Not only did we break the ascending triangle and head north, but the current price has broken the upper band on the bollinger band indicator.
The 50 day moving average is coming up faster but the 10 day has shifted and is now moving up sharply as well. This is good and another bullish signal.
Even at today's prices we believe that Bitcoin is CHEAP! When mass adoption comes, today's prices will seem like a steal, so get what you can afford now!
Keep watching the charts! 📈
Please note : this is opinion and should not be taken as financial advice.