Bitcoin price completed its fifteenth week of 2019 overnight and once again the bulls managed to print a higher high on the candle close we take a look at what this means going in to the week ahead.
Bitcoin price 00 closed the week up at $5295, up an impressive 58% from the lows record during the first week in February and 43% for the year as a whole. As such, there is little surprise that investors and speculators alike are starting to pay attention to the crypto space one again.
Adding weight to the move in price, BTC/USD has recorded ten of the fifteen weeks of the year with green volume candles and is now onto its eleventh higher high on the MACD. This is unprecedented, even for Bitcoin, and shows the momentum in price that the move has had to date.
The MACD itself is still some way below the zero line but it is on course to break to the bullish side if Bitcoin can continue the momentum this week.
For perspective the last time it broke to the bullish side was in October of 2015, when Bitcoin broke out of the…