BTCUSD looks weaker than its "cryptobrothers" in the last two weeks.
However, after the new year, Bitcoin found support over $ 12,000 and resumed growth.
On the weekly chart, the rate pushed off from the fast moving average and today, jumped over the slow moving average on the daily chart,- BTC has already risen above $ 16,000
Now the bears have just one point to play from : $ 16,500 - local maximum on December 27, after which bitcoin again tested support on $ 12,000.
If the day is closed above $ 16,500, the growth may accelerate, as this is a strong technical signal to buy.
Recommendation: buy about $ 14,000 and in case the day closes above $ 16,500
However, after the new year, Bitcoin found support over $ 12,000 and resumed growth.
On the weekly chart, the rate pushed off from the fast moving average and today, jumped over the slow moving average on the daily chart,- BTC has already risen above $ 16,000
Now the bears have just one point to play from : $ 16,500 - local maximum on December 27, after which bitcoin again tested support on $ 12,000.
If the day is closed above $ 16,500, the growth may accelerate, as this is a strong technical signal to buy.
Recommendation: buy about $ 14,000 and in case the day closes above $ 16,500
