Bitcoin Continues to Make New Highs, As It Breaks Above $63,000
Skerdian Meta • 1 min read
Cryptocurrencies continue to be extremely bearish, as they keep making new highs. Bitcoin broke above $60,000 by the middle of March, but has been trading below that big ro0und level for about a month.
It pushed above it a few days ago, as cryptos turned bullish again, while today BITCOIN (BTC/USD) broke above the previous highs, pushing to $63,000. It became evidently clear that buyers were in charge, with retreats down being pretty weak in recent weeks, while moving averages were providing support.
Now, with the Initial Public/Coin Offering IPO/ICO from Coinbase tomorrow on US stock exchanges, the sentiment has turned really bullish once again for the cryptocurrency market, led by Binance BNB which has absolutely surged in recent days.
Bitcoin was finding support at the 20 SMA (gray) on the H4 chart, which was another bullish sign, since the smaller MAs are now providing support. Bitcoin is trading at $63.300 now, so buyers are in total control once again.