Crypto Trading Insights
Bitcoin bounced off that long-term area of interest we were watching last week and has gained enough upside momentum to reach the first upside target.
Can bulls take BTC to higher levels from here?
Technical indicators are suggesting a continuation of the climb, with the 100 SMA above the 200 SMA to confirm that the path of least resistance is to the upside and Stochastic having some room to climb.
In that case, bitcoin might make its way up to the 50% extension that lines up with the swing high or perhaps all the way up to the full Fibonacci extension at the $72,500 area.
