2023-11-4 17:55 |
According to Twitter user @el_crypto_prof, who goes by the name Moustache, the window for accumulating Bitcoin at lower prices has likely closed.
In a recent tweet, Moustache stated that based on his technical chart analysis from over a month ago, Bitcoin has now left what he calls the “yellow zone” between $25,000 and $31,000.
This sideways trading range signified a period of accumulation, but Moustache says Bitcoin breaching above it signals “the end of accumulation and the start of the bull run.”
With Bitcoin’s price presently around $34,000, his analysis suggests the days of buying Bitcoin at under $31k are over. Moustache closed his tweet by wishing “good luck to all those who have used the last few years to accumulate” the cryptocurrency.
Read also:
Top Analyst Reveals Top 3 AI Cryptos with Huge Potentials that He’s Buying in November Top Analyst Sees XRP Exploding to $18.22 – Here’s His Ripple Outlook eTukTuk’s mission towards zero emission paves $TUK tokenSo for investors hoping to buy Bitcoin at cheaper prices, the opportunity may have passed. Moustache’s technical analysis indicates the market has shifted to an uptrend, meaning further discounts are unlikely.
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The post Evidence Shows This Could Be the Start of Bitcoin’s (BTC) Bull Run appeared first on CaptainAltcoin.
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