Solana

ScapesMania

Bitcoin

Chainlink

Cosmos

<div class="dailyhodl">
 <p>A widely followed analyst says that Bitcoin (BTC) is setting the stage up to skyrocket as one key indicator points toward strong momentum for the king crypto asset.</p>
 <p>In a new thread, macroeconomist and crypto strategist Henrik Zeberg tells his 121,200 followers on the social media platform X that BTC’s weekly relative strength index (RSI) suggests that Bitcoin has a powerful force behind it.</p>
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 <p>Traders keep a close watch on the RSI as it may signal trend continuations.</p>
 <p>According to Zeberg, the last three times BTC’s RSI has moved into bullish territory, it has surged upwards.</p>
 <p><em>“BTC: weekly RSI has moved into ‘strong momentum.’ </em></p>
 <p><em>The three times before it has moved into this area, BTC has moved strongly higher. This time will not be different! Bitcoin will soar!” </em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GAMIj1pWQAEgid2?format=jpg&amp;name=large" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Henrik Zeberg/X
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 <p>According to the founders of market intelligence firm Glassnode, who go by the handle Negentropic on X, both BTC and Ethereum (ETH) are still standing strong despite a recent pullback in the crypto markets.</p>
 <p>Negentropic says that BTC is eyeing the $42,000 level while naming some altcoins to keep an eye on, such as ETH rival Solana (SOL), decentralized oracle provider Chainlink (LINK) and interoperable blockchain Cosmos (ATOM).</p>
 <p><em> “Following a surge to multi-month highs, the crypto market is experiencing a slight pullback. Despite this, BTC and ETH stand resilient – BTC eyes $42,000 after a stellar 30% rally since October, while ETH firmly holds above 2,000. Spotlight on altcoins: Solana, Cosmos, Sei, Chainlink, and ScapesMania are gaining attention.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GAQI28rXwAA5eXX?format=jpg&amp;name=4096x4096" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Henrik Zeberg/X
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 <p>Bitcoin is trading for $39,493, up nearly 2% in the past day.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-gearing-up-to-soar-as-indicator-signals-strong-momentum-for-btc-according-to-analyst-henrik-zeberg-tbt72465.html">https://thebittimes.com/bitcoin-gearing-up-to-soar-as-indicator-signals-strong-momentum-for-btc-according-to-analyst-henrik-zeberg-tbt72465.html</a></p>

Bitcoin Gearing Up To Soar As Indicator Signals Strong Momentum for BTC, According to Analyst Henrik Zeberg

TheBitTimes

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