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Upward Momentum is Strong Says This Week’s Crypto Technical Analysis – Trustnodes

As expected, BTC continued rising and already reached its first target, with other cryptos mimicking its move cautiously.

The heavy BTC rise is probably because of indices being near their highs, and because investing in traditional assets is currently somewhat risky.

Cryptos, meanwhile, have been near their lows, the risks being much lower, too.

The market looks ready to continue the upmove, but one has to wait for BTC and other cryptos to break out the key levels before a real rally begins.

Bitcoin

BTC tested $8,500, and once it gets broken out, the crypto may continue rising to $10,000.

The flagship crypto also broke out the upper descending channel boundary, which may now get tested, and then the rise is likely to continue, especially if the price bounces off the support.

The…

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