Bitcoin is strengthening as it holds on to gains for another day and inches ever closer to five figures. Once past this barrier a surge higher is almost inevitable as the halving nears.
Bitcoin Closing on $10k
BTC has pushed higher still, tapping a new four and a half month high of $9,850 during late trading yesterday. It has continued to make higher highs and hold on to them indicating a strengthening of the uptrend.
BTC price 1 hour chart – Tradingview.com
According to Tradingview.com bitcoin is currently at a high not seen since late September 2019 when markets were heading in the opposite direction.
Daily RSI is showing an oversold signal and dominance is declining but charts are looking healthier on the weekly time frame where BTC has had its longest sustained growth period since May last year.
Crypto analysts are now eyeing…
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