Bitcoin Hits New High; What Is Driving This Great Bitcoin Rally?

Now, let's look at the charts and what it has to say.

First, we came back 1st October with a prediction that Bitcoin will become bullish and strong.

We later wondered about the future, where will Bitcoin be in 10 years?
Will it be $1,000,000, $2,500,000, $50,000 or more?

I believe that we will see a 100T (Trillion) market capitalization for Bitcoin soon enough... But let's get back to the present day, how much higher can prices go?

Daily Bitcoin Chart Analysis With @alansantana

Today we have a new high for BTCUSD.
Hitting a new high is a very good/strong bullish signal.

This is the highest price level Bitcoin hits since May 2021.
We had a strong correction take place starting 12-May and now the price has fully recovered and we have really good strength.

What is driving this rally?
Very strong fundamentals; the entire world is opening up to Bitcoin.

Our indicators, RSI and MACD, are looking better than ever.

The MACD is now above zero, trending up while gaining in bullish momentum.
The RSI is super strong almost reaching 70 (69.26).

We have some good resistance around $55,000 - $58,000, but what the signals are telling us is that Bitcoin's price will continue to increase.

The candles are looking really good (candlestick reading) and the volume is still low but a positive signal at this point.

The weekly timeframe is looking great (we will do an analysis on this one later) and the monthly as well.

The Altcoins are also good and will continue to grow long-term (higher highs and higher lows, not irrelevant price swings).

These are good times for the cryptocurrency markets.
We are looking great for our end of year target...
2022 might be even better so be prepared...
Study, learn, focus, breath deeply, think before taking any action and enjoy the profits as they come.

Be smart.
Be wise.
If you fail... Try again.
We learn from mistakes.
Our mistakes helps us to grow.

Thanks for being part of this evolution.

Cryptocurrency is the evolution of the Internet.
Internet HD or Internet 2.0 :D

Thanks a lot for your continued support.

Namaste.