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 $63,800! <a href="https://t.co/VOuPwd8hzm">pic.twitter.com/VOuPwd8hzm</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1812094121290690762?ref_src=twsrc%5Etfw">July 13, 2024</a>
</blockquote> 
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<h2 id="the-indicator-that-brought-a-big-rise-burned-again">The Indicator That Brought a Big Rise Burned Again!</h2> 
Finally, the analyst stated that the data that brought an increase in Bitcoin the last two times gave a signal again. 
At this point, Martinez pointed out that after the losses of Bitcoin investors fell below 12%, the price increased by 104% and 193%, and said that the losses realized by the investors fell below -12% again. 
The signal that brought the analyst a 104% and 193% rise the last two times has been lit again, and if history repeats itself, Bitcoin could be on the verge of a big rally. 
<blockquote> 
 “The last two times Bitcoin traders' losses fell below -12%, BTC rose 104% and 193% respectively. 
 Now realized losses are again below -12%!” 
</blockquote> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The last two times <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> traders' realized losses dropped below -12%, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$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?

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