Short term
Bitcoin has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency has broken up through resistance at points 93000. This predicts a further rise. RSI is above 70 after a good price increase the past weeks. The currency has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The currency is overall assessed as technically positive for the short term.
Recommendation one to six weeks: Positive (Score: 88)
Price: $93,860.55 USD
Price: 53.18 ETH
1hr Change: 0.00%
24hr Change: -1.13%
7d Change: -0.06%
Volume: $29,394,826,131.92
Market Cap: $1,863,900,884,672.17
Circulating Supply: 19,858,193.00
Total Supply: 19,858,193.00