As expected demand of about $ 14,000 over the weekend, pushed the move to new record highs above $ 17,000 yesterday.
The index of prices for bituminous CoinDesk (BPI) is 16 743 dollars. The world's largest crypto currency market capitalization in the last 24 hours has grown by 0.72 percent, according to CoinMarketCap.
While investors commenting on social networks are revealing their concerns, the price chart analysis suggests that an indefinite broad forecast is likely to become more constructive.
The diagram above shows:
The bullish jerk of doji: the Sunday dodzin candle and the continuation of the bull game on Monday indicate continued growth. In addition, it confirms a strong rebound from the 10-day moving average (MA) and the demand for a solid payback of about $ 14,000. (Support)
An upward 10-day MA contributes to further price increases and suggests that any kickbacks are likely to be short-lived.
The relative strength index (RSI) shows overbought conditions, while the stochastic appears to have found the bottom and is again pointing up.
Bitcoin looks ready to test the $ 20,000 level, thanks to
confirmation doji. (the goal of breaking bulls)
On the other hand, strong support is observed in the bar of $ 14,000. Only two closeings at the end of the day below the same level interrupt the confidence in growth.
