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1 Bullish Trend That Could Get Bitcoin Back to All-Time Highs
Bitcoin (CRYPTO: BTC) has been picking up steam in recent weeks. It's back up to where it was around a few months ago, and it may not be long before it hits the $100,000 mark again -- the last time it breached that was in early February. It only needs to rise another 15% to hit a new all-time high. And after a recent bullish development, it may only be a matter of time before that happens.Crypto investors often look at charts to uncover signs that Bitcoin may be heading higher, and there could be a glaring one right now. The digital currency has been taking off again, and entering trading on Monday, it hit highs north of $95,000. That puts it back up to around the levels it was at in February, before concerns about tariffs and the economy weighed on its valuation.The recent trend has been so strong that Bitcoin's 20-day moving average (MA) has crossed above its longer 50-day MA. That's a positive signal to the market that optimism is picking up. And for technical analysts who track charts and look for these types of crossovers, it can be a catalyst that fuels Bitcoin's valuation even higher in the weeks and months ahead.Continue reading
Bitcoin (CRYPTO: BTC) has been picking up steam in recent weeks. It's back up to where it was around a few months ago, and it may not be long before it hits the $100,000 mark again -- the last time it breached that was in early February. It only needs to rise another 15% to hit a new all-time high. And after a recent bullish development, it may only be a matter of time before that happens.
Crypto investors often look at charts to uncover signs that Bitcoin may be heading higher, and there could be a glaring one right now. The digital currency has been taking off again, and entering trading on Monday, it hit highs north of $95,000. That puts it back up to around the levels it was at in February, before concerns about tariffs and the economy weighed on its valuation.
The recent trend has been so strong that Bitcoin's 20-day moving average (MA) has crossed above its longer 50-day MA. That's a positive signal to the market that optimism is picking up. And for technical analysts who track charts and look for these types of crossovers, it can be a catalyst that fuels Bitcoin's valuation even higher in the weeks and months ahead.
