Bitcoin price has its best in January in seven years does this mean that the bit comprise could be at 150 mm in December well that doesn't really sound very likely but let's talk about that and look at this bitcoin is now officially trending on Twitter why well this is because Twitter has now added a Bitcoin emoji and everyone is now tweeting about Bitcoin.
I also want to show you that the Bitcoin price is currently officially getting this bullish cross.
what does this mean for the beat comprised right now in the immediate future is this as bullish as it seems I want to show you exactly what I think this means and if you think that that sounds interesting.
we are now officially getting this bullish cross and remember we've seen a bullish cross before that was that marked the beginning of this massive bull run right and this bearish cross was of course marking this more bearish period and you can see that even when we could broke above the 200-day moving average and we were very very close to getting a bullish cross here basically the the cross was failed there was no cross and we got this huge jump to the downside so it looks like at least we're looking more bullish than we did back here because at this point we just reversed down again this 20 moving average and now this 20-day moving average is now officially actually crossing the 200 and basically when you have the short term moving average crossing above the long term that's it that's a bullish cross and in this case it's the 20 crossing above the 200 on the daily timeframe and like I pointed out previously this bearish cross of course marked a pretty significant downtrend up until this point where this uptrend started so I do believe that these bullish and bearish crosses have been quite significant and I do believe that we definitely should take this one seriously and that's exactly what I'm doing that said we still have this immediate problem of this resistance lying exactly what the basical process right now between 9.5 K and 9.3 K and I do want to point out that we do have some nice support below us also so you can see that in the V PVR there is a lot of support below the price now and above the price it's not a lot of resistance because Bitcoin hasn't been trading in these levels.
so long you can see back here that we were above 10,000 for just a few weeks a couple of months and the same goes here most of the volume traded is below the $10,000 level which basically means that the most volume traded is below us right now and I would like to point out that this level seems to according to the VP we are a pretty strong support level and I think it's quite unlikely that Bitcoin is going to go below these levels again.
January pump has led to the fact that approximately 76% of all bitcoins are now at a profit.