The BTC price chart shows a long-term bullish trend

Bitcoin moving averages on the 3-day chart create a bullish crossover. This is exactly as the BTC chart looked like in 2015, before the long-term bull market situation.

But we shouldn't expect to see any rapid growth. This year, the cryptocurrency has already grown by 185 percent. Moreover, RSI indicates a possible small price rollback. The present-day goal of Bitcoin is to cross the $8400 mark. After that, progressive growth is possible in the long run.

Bull's crossover shown on the chart is the first one since October 2015. Based on historical data, this is a strong bullish indicator. Bitcoin has moved into a protracted upward trend of 2.3 years in 2015. We are looking for the great news!

  • Date news 06/17
  • Views news 563
slide top