Bitcoin Bullish Signals


Kim Ming Lam


March 28, 2022



Min Read

Bitcoin Bullish Signals

Trading Central Technical Insight flashed a Bullish Signal for Bitcoin at the close of March 25 (Friday).

On a weekly chart, Bitcoin's Williams %R indicator climbed back to levels above the -50 level calling for continued upward momentum.

Source: Trading Central Technical Insight

Also, on a WEEKLY CHART, Bitcoin has jumped back to levels above the 20-week moving average, the first time since end-November.

And, the weekly MACD (Moving Average Convergence Divergence) indicator has just crossed above its signal line indicating upward momentum.

Source: Trading View

On a DAILY CHART, Bitcoin has confirmed a break-out of an "Upside Triangle" pattern calling for further short-term upside.

Source: Trading View

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Kim Ming Lam

Head of APAC Research