Bitcoin Looks Bullish Here

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Bitcoin, from a technical perspective, is really looking bullish here. We are safely back above the 200 day simple moving average and have also reclaimed a critical short term indicator in the 10 day exponential moving average. The 14 day relative strength index is pointing to a rise in buying pressure, we have a healthy level of RSI here. It looks like to me we can move above the 50 day simple moving average soon, which would allow a confirmation of the golden cross pattern to play out - meaning it could be anyone's guess how much higher we are likely to go. A golden cross on the Bitcoin chart is usually something you want to pay close attention to.

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