Bitcoins Explosive Resurgence: Unleashing the Uptrend!

By Lola Coin Jun 27, 202368Views

Bitcoin is gaining strength above $30,000, indicating a potential upward movement. It has proven to be a safe haven outside of the failing fiat financial system, despite the negative portrayal by mainstream media. If the current upward trend continues, it will be harder for media to ignore and discourage retail investors from buying it. Momentum indicators are starting to favor Bitcoin, with the recent price pump followed by a period of consolidation. The long-term outlook looks promising, with the weekly Stochastic RSI signaling strong upward momentum. Breaking above the $30,000 level was a bullish move, as it has been a significant support and resistance level. However, Bitcoin’s highs have been reducing over time, suggesting a peak around $100,000. Nonetheless, a threefold increase in the current economic turmoil is still a decent return.

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