Bitcoin ($BTCUSD) sees new “Go” trend emerge

Bitcoin ($BTCUSD) sees new “Go” trend emerge


July 2022


Alex Cole

After a drawn out consolidation we see a new "Go" trend in $BTCUSD, the world's largest cryptocurrency.

Now, GoNoGo Trend is painting its second aqua "Go" bar as GoNoGo Oscillator is overbought on heavy volume.  We will look to see if price can remain above what was horizontal resistance around 22,000 and for GoNoGo Oscillator to stay above the zero line.  If so, we can see an initial target around 28.000 from the lows of the last consolidation period.