Bitcoin Bulls in Full Control at the Moment

The other day I posted about Bitcoin and the fact it took out 2019 closing highs and was in short reach of taking out the intraday highs for 2019 as well.

After a few days of consolidating the bulls pressed the buy button again with price souring to those intraday highs.

As of this post price has topped out at 13,767. If we see a close above 13,900 that will be a victory for the bulls. Marking new territory for the first time in a couple years...

Come on Raging Bull

The only thing that can be viewed as a negative is the fact price is pulled away from the 10 day moving average. So short-term we are a bit over bought but that doesn't mean we can't stay that way.

I do like that today's move is on volume that is larger then the consolidation days we just had. Still 5 hours left in this candle and volume is higher.

Posted Using LeoFinance ^Beta