Will the economic conditions be enough to maintain this rally?
Current support/resistance: $11'500/$12'500
The rally continues with even faster, while volumes stay low. This may not be a good sign as a surge with low volumes is often a short squeeze. More consolidation at lower levels would be preferable to keep the trend healthy. On the other hand, more and more people see the cryptocurrency as a viable alternative to global equity markets.
The RSI(14) will soon cross the overbought line, once again a slower pace would maintain steady growth. The MACD lines are still diverging. In the short term, the rally might continue, but it has a risk of breaking down if its nature is unchanged.
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