Bitcoin

<ul><li>Bitcoin&#39;s recent pattern signals a significant shift, with a unique blow-off top indicating a move toward new highs.</li><li>Critical Bitcoin support lies at $59k-$57k, setting the stage for a potential surge.</li><li>Bitcoin&#39;s March pullback trend may face disruption from the upcoming halving, altering market expectations.</li></ul><a href="https://cryptotale.org/td-sequential-signals-sell-is-bitcoin-headed-for-a-correction/" rel="noopener noreferrer nofollow">Bitcoin</a> has recently exhibited a trend that could signal significant changes on the horizon. As per MikybullCrypto, an analyst, over the past two months, Bitcoin has shown a pattern reminiscent of a blow-off top, a phenomenon previously unobserved in its price history. This trend, coupled with the analysis provided by two reliable indicators - the Supertrend and the Moving Average Convergence Divergence (MACD) - suggests a pivotal moment for Bitcoin.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2d9ef86c6049479ca3622c83e8ddbbe2.png" />The Supertrend and MACD have consistently proven their worth as forecasting tools. They currently indicate that Bitcoin is consolidating within a specific range. This consolidation is Bitcoin&#39;s strategy to build the necessary momentum for a breakout to new all-time highs. Moreover, a critical support zone is identified between $59,000 and $57,000, further underlining the pivotal nature of <a href="https://cryptotale.org/bitcoins-dominance-rises-as-fear-greed-index-hits-extreme-greed/" rel="noopener noreferrer nofollow">Bitcoin&#39;s current trading range</a>.<a href="https://cryptotale.org/bitcoins-tug-of-war-as-supertrend-and-macd-signal-a-breakout-amid-59k-support-zone/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Bitcoin's Tug of War As Supertrend and MACD Signal a Breakout Amid $59k Support Zone

CryptoTale

2024년 3월 1일에 게재된 다른 기사

Binance Drops the Nigerian Naira Amid $10B Fine Scare

Key Reason Why Bitcoin Nearing $70,000, Per Bloomberg’s Mike McGlone

Crypto Regulation Stuck In “Enforcement-Only Mode,” Says SEC Commissioner Peirce

Hong Kong SFC Tightens Crypto with New Licensing Regime: What’s Next?

Jeeves eyes Middle East launch by 2025, CEO hints at Web Summit Qatar 2024

Solana Price: Why is SOL Price Pumping?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!