At $5,113.93. Why I am bullish on Bitcoin more so now than ever before.!!

#Investors-Group News - Bullish on #Bitcoin at $5,113.93.!!

Bullish on #Bitcoin at $5,113.93 - Here's why!

For those that follow my Blog, it should come as no great surprise that I maintain a Strong Long Term Bullish view on #Bitcoin.

Earlier on, I was looking at some Long Term Daily Moving Average Data and I thought I would share the data with you.

Current Price of Bitcoin = $5,113.93

Currently, #Bitcoin is priced at $5,113.93.

When you drill down on the Long Term Daily Moving Averages, you will see why I am bullish on #Bitcoin more so now than ever before.!!

#1000dMA vs #1400dMA

In order to take a Long Term View on the trend that has formed in #Bitcoin since triggering the #dMAmapping alert on 11th December 2015, you have to take longer Moving Averages on the daily charts.

In this instance, I have pulled them right back to the #1000dMA and #1400dMA respectively.

Currently, these stand at....

#1000dMA = $4,750.52

#1400dMA = $3,504.11

...and are both trending to the upside.

At at Current Price of $5,113.93 this is also sat comfortably above the two.

Key

Zooming in

By zooming in on the chart, you will see how the Current Price sits in relation to the #1000dMA = $4,750.52 and #1400dMA = $3,504.11 Moving Averages.

Conclusion

With a Long Term Chart set up like this, I am bullish on #Bitcoin more so now than ever before.!!

Target Price remains at +$1,000,000

Once again, for those that have followed my work, it should come as no great shock that I am sticking firmly to my Target Price for #Bitcoin at a Minimum of +$1,000,000..!!

Thanks again for reading.

Stephen