The price of bitcoin is much higher in trading today and in the process has been able to extend above target levels including the swing high from the end of August near $65,000, and another swing area near $65,468. The area between those levels is now close support. Stay above $64,988 keeps the buyers in firm control (see red numbered circles and yellow area on the chart above).
The next target on the topside comes in at the September high price of $66,508. Move above that level and the digital currency is trading at the highest level since July 31. The high price in the month of July reached up to $70,016.
The high price for the year (not shown) reached up to $73,794 back on March 14.
Other technical bullish signals
- Over the…
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