The Bitcoin/USD chart on Coinbase shows that Bitcoin is currently in a strong uptrend. The price has broken through resistance at $41,000 and is now eyeing $45,000. The bulls are in control and the price could see further gains in the coming days.
The chart shows that the price has been on a steady rise since bottoming out at around $37,000 earlier this month. The price broke through resistance at $40,000 on Monday and has continued to move higher since then. The current price of $41,607.25 is up over 2% from yesterday’s close.
The technical indicators on the chart are also bullish. The moving averages are all pointing upwards and the MACD is above the signal line. This suggests that the momentum is behind the bulls and that the price could continue to rise in the coming days.
Overall, the Bitcoin/USD chart is showing a bullish picture. The price is in a strong uptrend and the bulls are in control.The price could see further gains in the coming days, especially if it can break through resistance at $45,000.
Source (CNBC)
