DU09

BTC/USD - The longer we stay >19k the more bullish we are

Long
BITSTAMP:BTCUSD   Bitcoin
BTC has broken out of the descending triangle and we are above 19k. For every day we are above 19k we are becoming more bullish... BTC has NEVER stayed at this level for so long and we recently closed the HIGHEST weekly and monthly candles in the history of BTC...

This is all very bullish.

There is simply no will to sell at this level, we had over 10 days when people could sell at >19k, yet we did not have a significant pull back. The last pull back was a mere 15% and was bought up immediately.

What will BTC do? Likely push higher and never look back.

If we get a more significant correction, it won't be for long as any price below current levels will be considered a discount by institutional investors that are not hesitating to buy million $ worth of BTC at this current price. Bears need to step up, but there may be very few left at this point.

Once we pass the ATH level of 19,666 with confidence, re-test it and push higher, then we're clear for new significant highs. We may have a year long bull run ahead of us... 2021 will be the year when BTC becomes mainstream.

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