Satoshi

Bitcoin

Captain

Read

Coin

<p>Crypto analyst Lark Davis has <a href="https://youtu.be/wQ6rAQAa_4c?si=Ki_X5SCxknOy7C9v" target="_blank" rel="noopener noreferrer nofollow">highlighted Bitcoin’s price action</a> in a YouTube video analysis. The crypto asset has broken below its 4-month range and 200-day moving average, causing concern among investors. However, Davis suggests the Wyckoff reaccumulation pattern could indicate a bullish future for Bitcoin.&nbsp;</p>
<p>Davis breaks down the accumulation phase into four distinct stages. Phase A marks the final stages of a bear market with decreasing selling pressure. In Phase B, smart investors begin accumulating assets during consolidation. Phase C, known as the ‘spring’ phase, often acts as a bear trap before higher lows form.</p> <iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/wQ6rAQAa_4c?si=Ki_X5SCxknOy7C9v" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 class="wp-block-heading" id="strong-bitcoin-btc-price-analysis-strong-and-predictions"><strong>Bitcoin (BTC) Price Analysis</strong> and Predictions</h2>
<p>Davis draws parallels between Bitcoin’s price action and the Wyckoff reaccumulation pattern. The crypto has bounced between range highs and lows, followed by a recent slide. This slide could represent the ‘spring’ phase, potentially setting the stage for a price advance.</p>
<p><em>“The spring phase is a sharp decline in price, often flushing out leverage,”</em> Davis explains. He adds, <em>“This lays a strong foundation for the subsequent price advance.”</em> This interpretation suggests a possible bullish outcome for Bitcoin soon.</p>
<p>While Davis leans towards a bullish outlook, he acknowledges alternative scenarios. A bearish pattern, similar to the distribution phase, could potentially lead to a downtrend.&nbsp;</p>
<p>Additionally, Davis points out the formation of a giant bull flag, indicating a reaccumulation phase within a bull market.</p>
<p>Two critical support levels for Bitcoin are identified: around $66,000 and $64,000. Davis states, <em>“Successful reclaim and retest of these levels could lead to new all-time highs by the end of the year.”</em>&nbsp;</p>
<p>Conversely, failure to reclaim these levels might result in prolonged market sluggishness.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/kaspa-price-prediction-heres-why-kas-is-booming/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Kaspa Price Prediction – Here’s Why KAS Is Booming</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-outlook-and-investor-strategy-strong"><strong>Outlook and Investor Strategy</strong></h2>
<p>Despite uncertainties, Davis remains optimistic about Bitcoin’s bull market. He cites historical cycles, macroeconomic factors, and market sentiment indicators as supporting evidence.&nbsp;</p>
<p>However, he cautions that market behaviors often deviate slightly from chart patterns, introducing variations.</p>
<p>Davis advises investors to act as ‘smart money’ in the crypto market. This approach involves buying during accumulation phases and selling during distribution phases.&nbsp;</p>
<p>While Bitcoin’s price action has caused concern, the Wyckoff reaccumulation pattern suggests potential bullish outcomes.&nbsp;</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-pattern-signals-potential-bullish-rally-expert-predicts-price-surge-to-new-ath-if-btc-reclaims-these-key-levels/" rel="noopener noreferrer nofollow">Bitcoin Pattern Signals Potential Bullish Rally: Expert Predicts Price Surge to New ATH if BTC Reclaims These Key Levels</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Pattern Signals Potential Bullish Rally: Expert Predicts Price Surge to New ATH if BTC Reclaims These Key Levels

Daftar Isi

CaptainAltcoin

Artikel lain yang dipublikasikan pada 12 Jul 2024

ALEX Governance: 100% Protocol Revenue for Recovery Grants

German Government’s Bitcoin Holdings Drop 90% to 6,394 BTC

Bitcoin’s bulls just can’t get it right, can they?

Expert Draws Out Path for Bitcoin (BTC) and Altcoins Recovery: Reveals Key Timelines

Litecoin Dominates Large Transactions

VeBetter DAO: VeChain’s Sustainability Platform Takes Off in Japan

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!