It's Tuesday morning and the news sources I track daily are all touting the rally in Bitcoin. Topping $30,000 as if it was a major event like Dow 10,000 or Dow 20,000.
I find it "interesting" that all the stories I scanned this morning only talk about the price action and not one outlined any fundamental news. If you find some fundamental news please email me.
Now let's check out a few charts and indicators. 
In the daily bar chart of the nearby bitcoin futures contract, below, I can see a mixed technical picture. Prices are trading above the rising 50-day moving average line and above the bottoming 200-day moving average.
The trading volume increases in February and March but then it declines into April, which is not the pattern a chart watcher would want to see. The math-driven On-Balance-Volume (OBV) line shows some strength from November.
The 12-day price momentum study in the bottom panel shows equal highs from January to March, which creates a bearish divergence when compared to the price action making higher highs.
In the weekly Japanese candlestick chart of the nearby bitcoin futures, below, I see a mixed picture. There is a strong white (bullish) candle in early March but it is followed by small real bodies which tell me that bulls and bears are more in balance. Prices are above the now rising 40-week moving average line.
The weekly OBV line looks like it is stalling in early April. The 12-week price momentum study shows some recent weakness in the pace of the advance.
In this daily Point and Figure chart of Bitcoin, below, I can see an upside price target of $35,817. A trade at $28,870 could start to weaken this chart.
Bottom-line strategy: I can imagine more and more stories Tuesday discussing the rally in bitcoin. A lot of coverage with little substance, in my opinion. Writers will note the movement in the U.S. dollar or gold or some other asset. Caveat emptor.
