Bitcoin finishes the first quarter double where it started the year, versus a 5.8% gain for the S&P 500. No wonder Goldman's clients want in.
There's a debate raging among bitcoin technical analysts over whether the "bull flag" chart pattern even has a flagpole.
BTC stalled just shy of $60K resistance during Asia hours. Support is around $54K.
Bitcoin's funding rates are rising, a sign traders are willing to take more risk in betting on a fresh rally.
The recent rise appears to show traders finding a renewed appetite for risk taking following a market shakeout over the past of couple weeks.
Intraday overbought signals are not yet extreme, which should keep buyers active towards $60,000-$61,000.
But traders should continue to monitor intraday resistance levels as the broader uptrend from January slows.
BTC held support around $50K and is approaching resistance around $56K.
The stimulus checks are in the mail so it might be too early to call the hyped-up episode a dud.
The GSA's next BTC auction could fetch more than $300K, generating even more excitement among cryptocurrency investors.
For now, bitcoin continues to hold long-term trend support above $50,000, with lower support around $42,000.
BTC upside is limited, and could halve in twelve-month's time, according to Deutsche Bank survey.
The daily relative strength index (RSI) is back in neutral territory after reaching overbought levels earlier this month.
Bitcoin's "reserve risk" metric indicates the cryptocurrency is nowhere close to a major price top.
Bitcoin's uptrend continues to slow after breaking short-term support.