(@singhsoro) January 14, 2020 Secondly, Financial Survivalism, a pseudonymous cryptocurrency trader that called BTC’s ongoing price explosion when Bitcoin was in the low-$7,000s, pointed out that the Ichimoku Cloud — a sort of all-in-one indicator showing key price points and trends — is “fully bullish,” with the indicator printing three distinct signals that suggest prices will appreciate. These three signals being a breakout from the Kumo cloud, a bullish Kumo cloud twist, and a bullish TK Cross. The daily Ichimoku Cloud (traditional settings) is now fully bullish. 
$BTC #Bitcoin pic.twitter.com/ewaBeIexeW — Financial Survivalism (@Sawcruhteez) January 14, 2020 And lastly, altcoins have been ripping higher, with the Satoshi Vision hardfork, for instance, gaining literally 100% in the past few days. Ethereum, too, has exploded higher, trying to redeem itself after the harrowing 2019 it had, during which it actually posted a loss. Strong gains in altcoins should push Bitcoin higher, just like in 2017 and 2018, when the two segments of the cryptocurrency market correlated closely with each other at most times. Key Resistance Overhead There is key resistances overhead though. Trader BigChonis noted that BTC has just tapped the upper bound of a channel that has defined the price action for seven months now. The cryptocurrency will need to break above this level and confirm it as support if the rally will be maintained. $BTC – tripple upper channel touch #bitcoin daily chart… pic.twitter.com/uKhi2nuB25 — Big Chonis Trading (@BigChonis) January 14, 2020 Featured Image from Shutterstock The post appeared first on NewsBTC.from NewsBTC https://ift.tt/2TnAAzH
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