Bitcoin is hinting at a big move ahead

Before starting I want to say that I am not an expert and I just see and analyse chart by my own and also use various indicators to assess the trend and price.

From last 10 days, I can see that Bitcoin is trying to make higher highs and higher lows which is very fundamental of a bull trend and some of the indicators have begin to point for a significant bull run in Bitcoin.

(1) Divergence

Have a look on the H4 chart above and you can notice that a green dot in divergence has been formed in H4 chart and it is a strong indicator that a bull market is forming in Bitcoin.

(2)MACD

MACD has not yet given a clean signal but may be within next couple of days it would show that sign of bull trend.

(3)Bollinger Bands

Look at the H1 chart posted above, the bollinger band is now separated and wide open and that indicates that the acceleration of price action and the upward swing is very likely in such conditions.

(4)T3 Bands

The T3 Bands is now forming that confluence of crossover and once that cross over is complete it will give very very strong bull sign.

(5)Moving Average

In the H1 chart above, the Blue and Yellow lines are the Moving Averages and it shows that the price of Bitcoin is trading well above the moving averages and hence more upward thrust very very likely.

To sum it up, Bitcoin is now hinting at a larger bull run and the timing of this move is also at a good time as July is consider to be the turning point historically and the all the technical indicators are hinting for additional gains in Bitcoin and if that happens then it will be good for all of us as steem price will get boosted with Bitcoin.

Disclaimer - This is not an investment advice.