Is BTC To Shoot Higher?

23 Jul

BTC has rallied from a small hint of bullish presence displayed in the past 18 days. When it sustained by July 5th onwards from $56393. As of writing, it has surpassed the $66150 hurdle level, and it presents the possibility it could continue to rally higher in coming sessions.

Indicators have been bullish; the EMA bands have been overtaken from below, MACD showed a histogram growing upside at 966.56, and RSI flashed at 60.55.

Based on the optimism, if the rally keeps on increasing, then resistances are at $68500, and $70100, respectively. But failing below $66150 could lead towards the next support at $63400.