Bitcoin (BTC) On Verge Of Full-On Bull Rally If Historical Signal Has Merit

Bitcoin (BTC) has finally begun another leg higher. After failing to surmount $8,300 for two weeks, the cryptocurrency suddenly burst from $8,000 on Sunday, rocketing to $8,900 in under an hour.

With this, Bitcoin’s weekly chart, a great gauge of medium to long-term price action, saw four weekly candles in a row that closed above the 50-week moving average. While this doesn’t sound significant, analyst Nunya Bizniz notes that this series of events has never failed to initiate a bull run in Bitcoin’s ten years as a liquid asset.

Original source
https://ethereumworldnews.com/bitcoin-btc-on-verge-of-full-on-bull-rally-if-historical-signal-has-merit/

Add comment

Please Sign in to be able to leave comments.