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Bitcoin Bullish Signals

By

Kim Ming Lam

on

March 28, 2022

Bitcoin Bullish Signals

Trading Central Technical Insight flashed a Bullish Signal for Bitcoin at the close of March 25 (Friday).

On a weekly chart, Bitcoin's Williams %R indicator climbed back to levels above the -50 level calling for continued upward momentum.

Source: Trading Central Technical Insight

Also, on a WEEKLY CHART, Bitcoin has jumped back to levels above the 20-week moving average, the first time since end-November.

And, the weekly MACD (Moving Average Convergence Divergence) indicator has just crossed above its signal line indicating upward momentum.

Source: Trading View

On a DAILY CHART, Bitcoin has confirmed a break-out of an "Upside Triangle" pattern calling for further short-term upside.

Source: Trading View
The investment ideas presented here are for information only.  They do not constitute advice or a recommendation by Trading Central in respect of the investment in financial instruments. Investors should conduct further research before investing. Learn more.

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
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