I don't know who would object, but it's a pretty good time to be in the crypto market.

Prices are swaying, emotions are ravaging, and money is being made(and lost) at the click of a mouse.

But there has been one cryptocurrency that hasn't ceased to amaze me throughout all this. And that is BAT.

Long time followers of my blog would remember that I consistently posted that BAT would moon this year. Many people called me a scam, and said that what I wrote was a hoax, and that I was trying to promote scams.

Well, here we are today. I'm sure they've all eaten those words.

At the time I wrote my analyses, BAT was trading around 0.18USD. 

As of today, BAT has made an all time high for the year at 0.31USD, and doesn't seem to be stopping soon.

Here is a chart to make visualisation better.

Let's jump into the deets of this graph.

Well, BAT started off the trading day somewhere around it's close of yesterday. It ranged between the top and middle Bollinger bands much to my annoyance, and then after about 5 hours of ranging shot up to an unbelievable high.

What caused this high?

Simple. The volume of BAT was increased on many exchanges, leading to an active trading community bidding and asking on the price of BAT. 

This led to a parabolic increase in the price.

Recall also that I said that BAT is closely correlated with the price of BTC. The hike in price occured around the same time as when BTC made its own all time high for the day.

So would this uptrend continue? Or would it be ending soon?

The chart shows that BAT is back to engage trading once again, which goes to show that it has entered an accumulation phase and will soon break out.

We can also see the bands start to squeeze, as well as the RSI staying healthily above the 30 line, but not so much that it is overbought.

This is a signal that price will continue its upward momentum, although it isn't certain when.

As always, do your own analysis before making any conclusions.

Thanks for reading.