#Bitcoin Price On A Bullish Trend: Could It Continue?#
$BTC The Bitcoin price capitalized on the cup and handle pattern and the $58,000 support to push the price up, according to data from GeckoTerminal.
now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the sustained bullish trend.
Moreover, the Relative Strength Index (RSI) seems to be rebounding above the 60 zone as it hurtles towards the 70-overbought region, a confirmation that the asset is currently under intense buying pressure.
The continued positive trajectory is also supported by the Moving Average Convergence Divergence (MACD), which is now soaring above the neutral zone.
If the positive trend continues, the price of Bitcoin could soar even further, as the BTC price bulls target $67,000. #Bitcoin