Bitcoin Chart watchers see $6,000 in sight

in bitcoin •  7 years ago 

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Bitcoin bulls see $6,000 in sight, as digital currency push higher..

Chart watchers who track bitcoin say the virtual currency’s recent uptrend, based on measures of momentum, known as relative strength index, or RSI, see a chance for the asset to top $6,000 in near-term trade.

“Should there be a break above $5855, the price would easily climb towards $6000. The hourly RSI is at 62 and is showing positive signs, which means [bitcoin per U.S. dollar] remains in the bullish zone above $5400,” writes Aayush Jindal, in on a Finance Minutes blog.

On Twitter, some market technicians saw the potential for a test of the $6,800 realm:

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source - http://www.marketwatch.com

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