Will Bitcoin Buck The Bearish Trend Starting With The July Supermoon?

2023-7-4 00:19

Bitcoin price is at a pivotal level, close to making it clear the bearish trend has ended and a new uptrend has begun.

Coincidentally, the top cryptocurrency is on the cusp of a new bull run, just as the first of four supermoons of 2023 arrive. Keep reading to learn more about the significance of July’s “Buck moon.”

Is Bitcoin Ready For A Supermoon Surge?

As BTCUSD sets new daily, weekly, and 2023 highs, it is becoming increasingly apparent that bears are no longer in control. However, the crypto winter was so painful, bystanders are still awaiting a move with more significance — a return to the days of “to the moon.”

This could be around the corner, starting with the current full moon. Much like the moon can control the ebb and flow of the tides, in astrology, the moon is responsible for changes in mood. A coinciding rally across crypto with a major astrological mood change could lead to a larger shift in the trend from bearish to bullish.

This month’s full moon, beginning today, isn’t just any moon, either. It is a supermoon referred to as the “Buck Moon.” But does this mean that BTC will finally buck the bearish trend, or is all just superstition?

The “Buck” Begins Now, What The Full Moon Means

The chart above does indeed appear to show back and forth swings in price that relate to the phases of the moon. Financial astrology, including the use of the moon in technical analysis, isn’t as uncommon as you think.

A supermoon simple means the moon is closer to Earth than usual. But the Buck Moon comes specially in July and earns its name, as that’s when antlers in male deer — called bucks — are in peak growth mode. In terms of symbolism in crypto, Bitcoin bulls could also be about to get their horns, and push BTCUSD into full growth mode.

The term buck is also inherently tied to the origins of money. You might have heard the dollar referred to as a “buck.” This is because deerskins were traded as early currency. So, will buying Bitcoin on this specific supermoon make you a buck? Trading because of a moon phase is never a wise decision. But if bulls do get their horns like deer get their antlers, this moon phase might only be beginning.

Tonight is the “Buck Moon” supermoon. Will it change the tides across the crypto market? pic.twitter.com/Fb05fkE7FH

— CoinChartist (@coinchartist_io) July 3, 2023

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

new trend bearish bitcoin cusp cryptocurrency begun

Источник: bitcoinist.com

new trend → Результатов: 126


Фото:

Bitcoin Price: BTC’s Explosive Rally On-Hold Until Halving

Bitcoin price might move in a sideways trend until the next halving. Then, it might finally explode to new all-time-highs, according to a Twitter user who applies the stock-to-flow ratio model. Bitcoin Price Pattern Points to New ATH After Halving Previously, we reported on bitcoin price forecasts that used the stock-to-flow (SF) ratio model, which was initially proposed by Twitter-based crypto and commodities analyst PlanB.

2019-11-6 15:30


Фото:

Bullish Ethereum Pattern Identified by Well-Known Analyst

Since the September 24 flash crash, the Ethereum price has been steadily increasing. However, the gains pale in comparison to the amount of value the price lost during that period. This leads to the question of whether the recent increase is the beginning of a new upward trend, or just a retracement in response to […] The post Bullish Ethereum Pattern Identified by Well-Known Analyst appeared first on BeInCrypto.

2019-10-2 03:18


Фото:

FATF-Driven Delistings Capture the Criminalization of Privacy

The delisting of privacy coins like monero, zcash, and dash is becoming something of a trend in Asia, and could soon expand elsewhere. In the wake of the intra-governmental Financial Action Task Force (FATF) issuing new global standards, Korean exchanges Okex and Upbit have announced they will delist and put warnings on several privacy coins […] The post FATF-Driven Delistings Capture the Criminalization of Privacy appeared first on Bitcoin News.

2019-9-17 11:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Blame The “Supermoon” If Bitcoin Crashes Or Rallies Towards $35,000 In July

If historical Bitcoin price performance leads, one trader is adamant that the coin is at a critical inflection point at spot rates. Based on astronomical patterns and moon arrangement, trading desk QCP Capital believes Bitcoin prices can swing higher in a bull run towards the $33,000 to $35,000 level, reversing following sharp losses in 2022.