Bitcoin momentum still strong

in voilk •  4 months ago

    https://images.inleo.io/images/borsengelaber_PHJzYxapTzYE4Fr3.webp

    https://images.inleo.io/images/borsengelaber_mfnNohOuqbefzV5n.webp

    7-Day-Moving-Average

    Guys it is almost unbelievable but it’s true: Since weeks now Bitcoin has a very strong upwards momentum which you can see in the chart. From early February when we were at 38k the price is following the MA7 trendline closely which is a very bullish momentum. We practically had no dips to buy and went straight up from these 38k to the 73k we are standing today. Crazy!

    My base scenario is still that we have to see a kind of cooldown in the near future since the market is overheating. But at the moment it’s a new ATH almost on a daily level. 🤷🏼‍♂️

    https://images.inleo.io/images/borsengelaber_OmLUBJs5jVphilaD.webp

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