Below is the daily timeframe of the BTC/USD pair and we can see a very bullish scenario. We see that we smashed through resistance to make a new high and have kept above the $3000 resistance level and this same level can now safely be called a support level, the RSI is not in overbought territory just yet so yet another new high is probable, there may be a small pullback with people taking profits but this should be limited.
I always like to compare timeframes so below we have the weekly BTC/USD timeframe where we see steep upward momentum but we do however have a RSI in overbought territory which is signalling an impending pullback, there seems to be a lot of room for Bitcoin to move up but with an oversold USD which is looking like bouncing soon we could see a pullback or sideways movement soon but for position trades it is looking good.
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