Monday, March 16—April bitcoin futures prices are higher and hit a five-week high in early U.S. trading Monday, after producing a technically bullish weekly high close Friday.
Bulls are now working on a price uptrend on the daily bar chart. See at the bottom of the chart that the MACD indicator is in a bullish posture. The bears still have the slight overall near-term technical advantage. See the important technical support and resistance lines on the chart. Wyckoff’s Market Rating: 5.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).
