The recent election has caused market uncertainty, but my technical analysis of Bitcoin (BTC-USD) reveals strong bullish momentum. Here’s why I believe BTC-USD is poised for a rally.
Bitcoin has consistently stayed above its 30-week moving average (EMA), with increasing bullish momentum confirmed by the Percentage Price Oscillator (PPO). This indicates that the cryptocurrency is gaining traction and confidence among investors.
Volume patterns also show buyers are in control, with BTC-USD outperforming the S&P 500. This reinforces the bullish outlook and suggests a strong buying opportunity.
I invest in BTC-USD through intermediaries, Bitcoin ETFs, and companies like MicroStrategy and Mara Holdings, which hold significant stakes in the cryptocurrency. While I have no direct shares, these companies’ holdings provide a safe way to invest in BTC-USD.
Please note that my analysis is based on my own opinions and not influenced by any compensation. This article does not constitute investment advice, and past performance is not a guarantee of future results.
Source: https://seekingalpha.com/article/4735861-bitcoin-is-set-to-rally-technical-analysis