Bitcoin In New Bull Market

Bitcoin has FINALLY broken above $70,000, making a higher high for the first time since the all time high in March. This has been the level to watch for months.

Anything can happen in markets, but from a technical perspective the bearish arguments are dead, alongside the bearish market structure of lower highs and lower lows.

We also have a golden cross between the 50 and 200 MAs, as discussed a few days ago.

Things are looking great.

The bull is back.