Bitcoin bulls are cheering, but Bitcoin's price is still trading below its 21-day moving average. And the 55-day moving average. And the 100-day moving average. Oh, and the 200-day moving average. Oh, and all of these moving averages are declining. Pro tip: If you want to go long in an uptrend, an uptrend requires the price to be above the moving averages. Just look at the charts… You just need to go long after the price breaks above the 21/55/200-day moving averages, and then follow the trend. We're still a long way from that. Perhaps some people's bullish judgment will prove correct. If that happens, the price will break above the moving averages, and I will be bullish.