In the present video, David Jones from Capital.com discusses the recent surge of bitcoin prices and speculates whether the rally is overdone and it is a good idea to sell bitcoin. The price has doubled over the past three months and reached a new all-time high. David discusses the rally and explains what fundamentals are affecting bitcoin. He then lists the major support and resistance levels. Next, he turns to charts and technical indicators, trying to guess where the price can go next. In the end, David decides to go with the trend, which is undoubtedly upward. He places a buy order in case the price goes even higher, counting on the upward trend to persist in the future.
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