Bitcoin Price Analysis: Bitcoin Rally Shows Strength for Continued Growth


Today, bitcoin reached a new all time high as it rose by $500 in just a few short hours. At the time of this article, bitcoin is sitting in the $5300s as it looks ready, once again, to spring for a new all time high:Figure 1: BTC-USD, 4-Hour Candles, GDAX, Macro TrendOn a macro level, BTC is showing signs of upward strength as the RSI and MACD are showing bullish strength. There are no clear signs of bearish divergence yet and the market is starting to pick up in volume as the price climbs, thus indicating that a healthy bullish continuation …

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