AlanSantana

Bitcoin Love ❤️ Aims At $17,250 Followed by $31,285

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin continues aiming higher on the weekly timeframe ... Let's start by looking at the trading volume today.

We always look for volume as a confirmation signal for any bullish / bearish move that is taking place.

We've been seeing low volume for Bitcoin yet we didn't take it as a bearish signal. I mentioned that low volume when we have such strong bullish action can signal that the best is yet to come.

Rather than a fake move, the calm before the storm.

Things are changing as right now we are seeing the trading volume starting to increase.

Bitcoin Weekly Chart Signals

Safely trading above all EMAs, we only have bullish signals coming from this chart.

Let's point those out:

1) Increasing volume
2) 5 consecutive green weeks/candles.
3) Trading above EMA10.
4) Multiple long-term barriers have been broken.
5) Higher highs coming in.
6) Financial insanity going on in the form of massive fiat printing which is bullish for Bitcoin .
7) The cryptocurrency market continues to grow & evolve.
8) The RSI continues super strong.

If you look at the right-hand side of the chart, you can find the next targets.

We are looking at $17,250 followed by $20,528 and finally $31,285 (potentially).

We can see that Bitcoin grew by 300%+ (3X) since the March 2020 low...

The altcoins market turn is coming but they won't grow 3X, no, no, no... We will see 5X, 7X, 10X, 20X, and even more.

What's your take on this current market?
Where do you think Bitcoin is headed?
Where do you think the Altcoins will go?

Share with us in the comments section below.

Today... Love yourself again and say to your mirror...
I LOVE YOU MORE!

Namaste.
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