Bitcoin - Long - Set to Challenge All Time Highs

Mar 10, 2021

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Bitcoin - Long - Set to Challenge All Time Highs by KQMarkets on TradingView.com

Commentary

Bitcoin has recovered and consolidated above resistance around $54,000 from it's correction last month which saw price fall below $44,000 with Aker the Norwegian gas and oil giant being the latest large organization to invest in cryptocurrency.

Additionally, with the 50 day MA being higher than the 100 day MA and the 100 day MA being higher than the 200 day MA it's upward momentum remains strong and we therefore see Bitcoin setting new all time highs in the coming trading sessions.

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