BTC is pushing higher this morning. Anyone else think this rally has legs? RSI is getting up there, but the 20 and 50 SMAs are still acting as support. I'm wondering if we'll see a test of the psychological 70000 level soon. What's everyone's sentiment?
Update: I'm thinking about a small long position around 69500 if we get a pullback. The Bollinger Bands suggest we might be getting overextended, but the overall trend is clearly up. I'm a little concerned about the Asia session close volume though, seemed a bit light. If it breaks 70000 convincingly, I'll add to the position. Stop loss around 69000 to protect against a false breakout. Thoughts on this strategy?
