It's been a wild ride up these past few days! Bitcoin looks parabolic over the past 30 days now shooting up from around $11,450 USD to now just under $18,000 USD!
The FOMO has definitely started again and the volume show it. The RSI still suggests we're overbought but the price keeps moving up! The only question in the short term is how long will this upward movement sustain before a pullback or some sideways movement?!?
The moving averages (10 day and 50 day) are growing farther and farther apart. We can't see anything other than a parabolic upward push over the past month!
$17K looked like a cooling off point as it was definitely a resistance area, but we pushed above it rather quickly. It's now looking like $18K is the bigger hurdle. Bitcoin has been above $17K now for 3 straight days and tested $18K twice!
The volume levels are teetering around where they were when we saw BTC push to it's all time high around $20K, so be ready as a big push up could be building up... 🤑
Keep watching the charts! 📈
Please note : this is opinion and should not be taken as financial advice.