Bitcoin Price Breaks $600, Bullish Indicators May Take it Higher

The bitcoin price’s new upward path is set to consolidate to even higher price levels beyond $600, according to technical indicators. Prices are quoting in a new scenario pointing to higher levels. Bullish consensus allows a sustained movement that can probably ignore every intermediate resistance from the current quotes up to $820, where the technical objective is calculated. There is not any pattern or well-known formation to mention, but only the forecasting of mixing theories and a lot of lateral thinking. Based on old references in the present chart, the the next stage may drive the....

Bitcoin price pushed above $420 today and continues higher in a narrow channel of advance. Regardless of indicators at any timeframe and despite large sell orders above price nearly every step of the way, the persistent advance continues pushing higher. It is as if nothing can stop it. If a trader takes profit based on overbought indicators, they will soon regret their prudence since their only option will be to rejoin the trend – into overbought MACD, RSI and stochastics. While price holds within the advancing channel, the only option is to be bullish. Don’t read the chart indicators,....

Last week’s article stated: The bull trend continues to look very strong. 13 of the last 15 days have been green leaving the price as of this writing at US$340. The indicators all remain overbought and extremely elevated. A blowoff top seems to be forming but that can take the price much higher than here. As noted, when the indicators start to diverge from price, it could be a top forming for now that has not happened. As the chart below shows all the indicators are at yearly highs. Price has also moved out of the top of the Bollinger Bands, which shows it’s moving into an extreme....

Bitcoin price could keep going for gains as the bullish channel on the short-term charts is staying intact. Bitcoin Price Key Highlights. Bitcoin price is still trending higher, moving inside a short-term bullish channel on its 15-minute time frame. Price is hovering around the middle of the channel, still deciding whether to make a test of support or climb back to the resistance. Technical indicators are suggesting that the uptrend could carry on. Technical Indicators Signals. The 100 SMA is above the 200 SMA on this time frame, confirming that the path of least resistance is to the....

Cosmos (ATOM) ranged in a wedge against Tether (USDT) as it builds more strength to break above the $12 key resistance. The price of Cosmos ATOM has shown bullish strength as the price breaks above resistance after ranging for days. (Data from Binance) Related Reading: Crypto Market Rally Stopped Short Ahead Of Reaching Full-Blown Greed Cosmos ATOM Price Analysis On The Weekly Chart From the chart, the price of ATOM saw a weekly low of $6.2, which bounced from that area and rallied to a price of $12, marking ten weeks of bullish strength from ATOM.  ATOM weekly candle closed with a bullish....