Bitcoin: Its Alive!

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Well well well....what do we have here. A random pump? The beginnins of an uptrend? A level up in range?

Regardless of what it is it sure is nice to see some upward price action in bitcoin the past week.

Attacking Old Support...

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Looking at the daily chart above you can see price has pushed above the 19-20k prior support area and is making a run at what is essentially resistance at the mid 21K area.

The move happened quick and price is stretched from the 10 day moving average so either some consolidation or a pullback is certainly in the cards.

Ideally it will be the former so price can then level up again and go after more key resistance points.

Pretty sure this is not the price action people expected for January, but happy freaking new year.

Certainly not getting overly excited though being all this is thus far is an initial rally off the lows bitcoin floundered at for months on end.

We shall see what the rest of the month brings!

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It seems really be coming out of nowhere. Maybe miners running out of reserves? Or a delayed price shock of the Proof of Keys day?

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Bitcoin it's alive and kicking and I think it even visited the $22k threshold. If it stays above $20k it has the time to make a solid foundation and maybe, later on, take off from there.

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It's a good start for cryoto this year and bitcoin heading that is just sweet..Same for our dear hive.

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Is it bad that I really hope that it pulls back?

Ha! I don't really see this climb back up being all up. It's going to be a bumpy ride back to the top.

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