Bitcoin just hit a new high today at $24722 on BitStamp and other major exchanges.
Its price remain trading above EMA10 and all other EMAs.
We have a stable ascending channel in which BTC is trading and all bearish signals that we saw back on Dec. 20-21 have been deleted. Both the MACD and RSI went through a reset and prices continue to aim and climb higher.
Going by the current trend, we have a target next at $25892, followed by $29160 (30K) and finally $44,441... Here is the weekly chart:
Nothing has been able to stop Bitcoin and more stimulus money is coming up... With this type of news now in play, we go with the flow.