Bitcoin has performed strongly in the past week, especially after the US Federal Reserve announced a 50 basis point interest rate cut on September 18. The price of the currency has remained above 60,700 at the lower edge of the bull market support zone for 5 consecutive days; the current price is 60,000 3,800, it is only 100 US dollars away from regaining the 200-day SMA (simple moving average), which can be said to be quite exciting. Usually in this environment of rising prices for several days, analysts will try hard to find various sources. There is evidence that the bull market will continue. Today we will take a look at the statements of two analysts. From the RSI relative strength indicator and the trend of Bitcoin against gold, each proves that the bull market will only get better and better.
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