“All-Time High” is the most repeated term in our analysis these days and it’s enough to understand the overall trend as Bitcoin hits fresh record breaking levels.
The previous high was $67000 and now BTC is above $68000 and with that we remain bullish – no major retracements. The uptrend was stopped right near the previous day’s resistance at fib 1.618 level.
Taking a look at the RSI, there is minimal selling pressure with more room to the upside. Additionally the Bitcoin 4hour chart shows a Bullish divergence which suggests further gains for BTC.