Bitcoin
Long

BTCUSD: Megaphones always start bull runs.

1 022
Bitcoin is almost overbought on the 1W timeframe (RSI = 69.070, MACD = 1615.400, ADX = 36.907), well over the 1W MA50. This breakout comes after the priced crossed above a Megaphone pattern that was seen before the last two major bull runs. The 1W RSI was also near 70.000 on those instances and history seems to be repeating. No matter how unrealistic it may seem, can hit 50,000 or even 60,000 by July if the pace of this rise is continued.


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