Daily Bitcoin Price Update - Monster Day For Bitcoin, Up 11,5% (Video)

What an extraordinary day we had today, not only for Bitcoin but all cryptos. But lets focus on Bitcoin now, here is the daily chart:

Comment: Today was the first day since the beginning of January when Bitcoin had a daily close above the bollinger band median. We went up 11,5% for the day and closed at 9500.

We also closed above the long term trendline which you can clearly see in the chart, so a lot of important obsticles were removed today.

The candlestick for the day looks very bullish and we closed at the very top. However, we might take a breather tomorrow (Thursday) and go back and retest the support at around 9000.

The next resistance level is at 10700 and lets end this update with a look at the daily area line chart:

Comment: Here we can see that we are making great progress and that we have 2 peaks ahead of us. The first one, 10150 and then the most important one at 11700. Im not announcing the end of this short term bear market until we have a daily close above that peak.

Happy trading!