We survived the longest-ever cryptocurrency bear market to date— Rekt Capital (@rektcapital) 2019年6月23日
And since bull markets tend to be longer than the preceding bear market...
It makes it an amazing time to be in $crypto right now$BTC #Bitcoin
Bitcoin’s (BTC) price rose to fresh 15-month highs today, with a key technical indicator pointing to strongest buying pressure in over two months.
The leading cryptocurrency by market value rose to $11,430 at 10:45 UTC on Bitstamp to hit the highest level since March 6, 2018, surpassing the previous multi-month high of $11,247 seen on Sunday.
The rally looks set to continue toward $12,000 too, as the Chaikin money flow indicator (which shows buying and selling pressure by combining price and volume into one metric) is currently hovering at 0.32 – the highest reading since April 2.
As can be seen above left, the Chaikin money flow index is trending north and is currently at the highest level since the beginning of April. The indicator turned positive in March, signaling a bearish-to-bullish trend change.
The relative strength index (above right) is reporting overbought conditions with an above-70 print, but is still well below the high of 86.00 seen in mid-May. Further, the overbought readings on the RSI would gain credence only if the price shows sign of bullish exhaustion, as discussed yesterday.