#Bitcoin (BTC) has progressed to the next stage of its recovery, since momentum turned INCREASINGLY BULLISH earlier this week. Currently sitting on down TL resistance, and needs to show some conviction on the BO for further bullish confirmation. IMHO.
The MACD formed a bullish up-cross a couple days ago with the histogram starting positive expansion. Should continue moving higher over the next several weeks. The Stochastic formed bullish higher-lows while becoming oversold (>20.0) a few days ago. Ascending from an area similar to both mid-Jul17 and late-Sept17, respectively. What do you think happened to subsequent PA??
With new found cash pouring into the crypto market, this signifies a risk on investment environment and will help push the stock market higher.