Channels

Bull Market

Show

Million

Read

<div class="coingape"> 
 <h2 id="btc-price-on-the-cusp-of-a-bull-run">BTC Price On The Cusp Of A Bull Run</h2> 
 <p>Bitcoin price live price&nbsp;is closing in on its much-anticipated bull run, holding above support at $25,000 but with its upside capped under $26,000. An immediate recovery from this short-term support is highly unlikely due to the lack of momentum to sustain the uptrend.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <p>This means that bulls may have to make peace with letting go of support at $25,000 to allow BTC price to collect liquidity from lower levels, plausibly at $24,000 or $22,000. As discussed in the previous&nbsp;Bitcoin <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, there’s a possibility that Bitcoin might drop to extend the downtrend to $15,500 before the bull market starts.</p> 
 <p>For now, sideways trading is taking precedence with the Moving Average Convergence Divergence neither showing a bullish or bearish outlook. This momentum indicator flips bullish when the blue MACD line crosses above the red signal line. The uptrend becomes stronger as it trends upward to the mean line (0.00) and into the positive region.</p> 
 <p>On the contrary, traders gain confidence when shorting BTC as the momentum indicator drops toward the mean line and into the negative region. The blue MACD line must also flip below the red signal line.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/06/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/06/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/04/fa6133ad6e87ee1c4776d3849180d46b.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/04/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/05/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/05/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/03/472515f3ab5ae759f4e49d6afa8bc33a.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/03/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/03/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/03/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <figure id="attachment_158593" aria-describedby="caption-attachment-158593" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-158593" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201233%20561'%3E%3C/svg%3E" alt="BTC Price Prediction: Bitcoin Holds $25k, Ready To Launch The Bull Phase?" width="1233" height="561" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp 1233w, https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp 300w, https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp 1224w, https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp 768w, https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp 150w" data-lazy-sizes="(max-width: 1233px) 100vw, 1233px" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-158593" src="https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp" alt="BTC Price Prediction: Bitcoin Holds $25k, Ready To Launch The Bull Phase?" width="1233" height="561" srcset="https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp 1233w, https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp 300w, https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp 1224w, https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp 768w, https://cdn.thebittimes.com/images/2023/09/06/aca9eb46c02ac818d1ad06c266ff101d.webp 150w" sizes="(max-width: 1233px) 100vw, 1233px"> 
  </noscript> 
  <figcaption id="caption-attachment-158593" class="wp-caption-text">
    BTC/USD daily price chart | Tradingview 
  </figcaption> 
 </figure> 
 <p>With that in mind, traders must keenly watch Bitcoin’s reaction to the support at $25,000, which if lost may trigger a sell-off to $24,000 and $22,000. An opposite reaction would be expected if&nbsp;BTC price climbs above resistance at $26,000. Investors are eagerly waiting for a bullish sign to rally behind the most prominent crypto for gains above $30,000.</p> 
 <h2 id="bitcoin-bull-has-started-cryptoqaunt">Bitcoin Bull Has Started – CryptoQaunt</h2>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>On-chain data analytics platform CryptoQuant has launched a new metric dubbed the Bitcoin-Bear Market Cycle Indicator which helps investors identify different cycles. According to a post on X, Bitcoin goes through five phases, including overheated bull, bull, early bull, bear, and extreme fear.</p> 
 <p>“So far 2023 we have progressed from bear, early bull, bull, and overheated bull. We remain in bull phase according to this indicator.”</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">Implemented the Bitcoin Bull-Bear Market Cycle Indicator in CryptoQuant's Analytics tool.</p> 
  <p>This metric classifies the market cycle in five phases:<br>🟥Overheated bull.<br>🟧Bull. <br>🟩Early bull.<br>🟦Bear. <br>🔘Extreme bear.</p> 
  <p>So far 2023 we have progressed from bear, early bull, bull and… pic.twitter.com/4W584nMEak</p> 
  <p>— Julio Moreno (@jjcmoreno) September 1, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>In addition to this tool, Bitcoin goes through the four-year cycles linked to the miner reward halving event. The previous halving took place in 2020 and paved the way for the bull run in 2021, while the next bull is set to occur in April and is expected to launch BTC price into the 2024/2025 bull market.</p> 
 <p>Investors, especially long-term holders can use these cycles to plan their investments, where they buy during the bear market close to the bottom and sell during the bull market nigh to the peak.</p> 
 <h3 id="related-articles">Related Articles</h3> 
 <ul> 
  <li>Ethereum Whales Added Over $400 Million In ETH, Will Price Action follow?</li> 
  <li>Coinbase Founder Adds Web3 LinkedIn To His List Of Crypto Startup Ideas</li> 
  <li>Crypto Prices Today: Pepe Coin, ASTR, And Solana Show Upward Price Movements</li> 
 </ul> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/btc-price-dances-in-a-narrow-range-bull-market-on-the-horizon-tbt61698.html">https://thebittimes.com/btc-price-dances-in-a-narrow-range-bull-market-on-the-horizon-tbt61698.html</a></p>

BTC Price Dances In A Narrow Range, Bull Market On The Horizon

Table of Contents

TheBitTimes

Other articles published on Sep 6, 2023

Ronaldo hints at NFT plans, and will the metaverse be a ‘tax haven?’: Nifty Newsletter

Shiba Inu’s Shibarium: Ideal for Investors Seeking Growth

Harga SOL dan XRP Melambung, Pomerdoge Cetak Sejarah

🗒 Daily Newsletter | Wednesday, September 06, 2023

TON Foundation Founded in Switzerland as a Non-Profit Organization (6 Sep)

Singapore Tops List of Crypto-Friendly Investment Migration Destinations

Join our free newsletter for daily crypto updates!