2024

Bitcoin

Rise

While Bitcoin followed a horizontal course last week after the declines, the price fluctuated between 57,000 and 58,000 dollars. 
While investors are waiting for a break above $ 60,000, the experienced analyst shared the main support and resistance levels to watch in Bitcoin. 
At this point, the analyst stated that the main resistance levels to watch for BTC are $ 61,340 and $ 64,620, and the critical support level is $ 57,670. 
The analyst also examined the four-hour chart of Bitcoin and noted that the price is forming an ascending triangle pattern. 
Against this pattern, the analyst argued that if BTC makes a successful break above the $59,200 resistance level, the price could rise to $63,800. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> seems to be forming an ascending triangle on the four-hour chart. A successful break above the $59,200 resistance level could propel <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> to $63,800! <a href="https://t.co/VOuPwd8hzm">pic.twitter.com/VOuPwd8hzm</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1812094121290690762?ref_src=twsrc%5Etfw">July 13, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="the-indicator-that-brought-a-big-rise-burned-again">The Indicator That Brought a Big Rise Burned Again!</h2> 
Finally, the analyst stated that the data that brought an increase in Bitcoin the last two times gave a signal again. 
At this point, Martinez pointed out that after the losses of Bitcoin investors fell below 12%, the price increased by 104% and 193%, and said that the losses realized by the investors fell below -12% again. 
The signal that brought the analyst a 104% and 193% rise the last two times has been lit again, and if history repeats itself, Bitcoin could be on the verge of a big rally. 
<blockquote> 
 “The last two times Bitcoin traders' losses fell below -12%, BTC rose 104% and 193% respectively. 
 Now realized losses are again below -12%!” 
</blockquote> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The last two times <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> traders' realized losses dropped below -12%, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> soared 104% and 193% respectively. 
 Now, realized losses are below -12% again! <a href="https://t.co/DMfK6xGQiR">pic.twitter.com/DMfK6xGQiR</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1812214917031719408?ref_src=twsrc%5Etfw">July 13, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/this-previously-working-indicator-is-giving-signals-again-in-bitcoin-rise-or-fall/">This Previously Working Indicator Is Giving Signals Again in Bitcoin! Rise or Fall?</a>

This Previously Working Indicator Is Giving Signals Again in Bitcoin! Rise or Fall?

Table of Contents

Bitcoin Sistemi EN

Další články publikované 14. 7. 2024

Altcoins Poised for Potential Growth Amid Market Volatility

Bitcoin breaks $60k: Will $88k by September be the next BTC milestone?

Scammer Returns $9.27 Million DAI to the Victim 10 Months After Theft

Pro-Crypto Trump Assassination Attempts Rallies Defiant Investors As CLANDENO (CLD) Predicted to ...

SEC Drops Investigation into Hiro Systems’ $70 Million Token Sales

Get Ready: Crypto Market Rebound Expected in July, Explosive August Ahead - Which Crypto To Buy B...

Join our free newsletter for daily crypto updates!