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Since the halving we have seen the bulls gain a lot of strength, as the priced climbed from $8,500 to $9,900 (at I'm writing this). According to my technical analysis Fibonacci level 0.786 ($9,091) worked as an important new support that pushed the price towards $9,900 after a -4.9% decrement in May 15th.
Looking at the 200 and 50 MA's, we see that we are next to a "golden cross", which is usually a bullish short-term indicator, except for the last one (refer to Apr 24th 2019 and Oct 27th 2015).
Regarding fundamentals we have:
-Of course, the halving. It's important to mention that it didn't turn out to be a "sell the news event", because we did not see a major crash.
-Paul Tudor declarations.
-JP Morgan accepting cryptocurrency exchanges.
On the other hand, we have a strong resistance at $10,000 - $10,500, a RSI level of 64 (above 70 is overbought) and a mining difficulty adjustment coming in 2 days.
*Just wanted to share my ideas. NOT FINANCIAL ADVISE
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At the gates of a new bull run?
Author: /u/nachoac97
1: p***iew.**dd*it*oo0f*zx*i*z41.pn*?wi*th=9***amp;format=pn**amp*au*o=web*&**p;s=5c143*82*65a80672*b396bf3**f**6be77cdf*0
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