Bitcoin (BTC) Price Tops $39K as Chart Displays Patterns of Bull Market Entry

Bitcoin (BTC) Price Tops $39K as Chart Displays Patterns of Bull Market Entry
фото показано с : btcmanager.com

2021-7-26 15:00

According to analysis from Cryptoquant, the current bitcoin chart shows similarities to previous patterns of a bull market entry. The on-chain data provider highlighted that the BTC chart patterns resemble the early bull market in 2017 and 2021, sparking speculations over whether a fresh rally was imminent.

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market patterns → Результатов: 126


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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support.

2019-3-1 03:44


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