#Bitcoin seems to confirmed a previous line of support and is now beginning to trend bullishly again. Is the #beast waking up? Is the #bubble over? In my personal opinion I think so.
From a #technical perspective we can see BTC is setup for the next support market cycle, from the 3-day to the 12-Hr charts this is better noticed. The #Stochastic #RSI is indicating that we have reached over-sold prices, hinting that a bull run is in store for us over the next few days. The #MACD is also agreeing with the Stochastic and shows that we are at the beginning of a support phase. All we need is volume and the stage is setup for BTC to slowly but steadily recover and once again build steam on its way to the moon.
In the future we need to break the previous lines of resistance that pushed us down to the price point we are at now. With good #news today from the USA we can expect a resurgence in faith from the common man to the institutional traders. Keep posted for more updates and detailed analysis of your top crypto picks!