A few days ago, Bitcoin was hovering at the 4000 range. There was a sudden rally and it is currently hovering at around USD 5K.
From what I can see is that, there is still more upside to this rally. From my analysis is that, it may reach 6k before sliding downwards. The 50 day Moving Average is about to cross the 200 day Moving average. This is a sign that there may be a rally if it does happen. The resistance is around 6000 USD - 6116 USD before heading south. The support line is the green line which is around 4014. It BTC does go below this, it is going to go down another 1000 USD. If it is able to breach the 6000 USD mark. I am quite sure, it may hit 7000K before caution is needed. This rally is currently confirmed by the volume which has spiked. Finger's crossed. In the MACD section of the chart, it can be seen that, it is about to hit the last high pretty soon in around the start of August. I crossed check my data with other chartist and it was somewhat similar. Other than Bitcoins, my favourite other cryptocurrencies would be Ethereum, Litecoins and Steem. LTC has been impressive so far. Starting out hovering at USD 25 earlier of the year and currently hovering at USD 80. This is more than a 200% growth if you invested some cash at the start of 2019.
