Bitcoin

<ul><li>ZAYKCharts points out a bullish breakout through a previously descending trendline, indicating a potential shift of the bearish trend.</li><li>Recent bullish crossovers in the Moving Average Convergence Divergence signal short-term recovery potential.</li><li>Know Sure Thing indicator confirms increasing bullish momentum, reinforcing the potential for continued price recovery.</li></ul>ZAYKCharts, a noted <a href="https://cryptotale.org/cryptocurrency-market-hits-2-45-trillion-while-bitcoin-trades-above-63k/" rel="noopener noreferrer nofollow">cryptocurrency</a> analyst, recently highlighted a significant development in Bitcoin’s trading pattern on X. The analyst <a href="https://x.com/ZAYKCharts/status/1789139395515207822" rel="noopener noreferrer nofollow">pointed out</a> a bullish breakout through a previously descending trendline, indicating a potential shift of the bearish trend coming out since early February. Additionally, the most recent trading data indicates that Bitcoin (BTC) is currently priced at around <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$60,950</a>, which marks a decrease of 3.55% within the past day.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ba88322727704646b768d7969a33bd52.png" />ZAYKCharts’ BTC ChartMoreover, the 12-hour price chart analysis by ZAYKCharts illustrates a key dynamic resistance line and horizontal support at approximately $52,000. Consequently, the breakout through this resistance could mark the beginning of a bullish phase. Moreover, there&#39;s a projected target between $70,000 and $74,000, suggesting a potential 20.89% increase from the breakout point.<a href="https://cryptotale.org/is-bitcoins-recent-bullish-breakout-the-start-of-a-major-rally/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Is Bitcoin's Recent Bullish Breakout the Start of a Major Rally?

CryptoTale

2024년 5월 11일에 게재된 다른 기사

Crypto Expert Highlights 5 Important Events for May

Ethereum Competitor NEAR Protocol Looks ‘Extremely Bullish,’ Says Analyst Jamie Coutts – Here Are...

Top Ethereum ETF Applications

Slothana Surges After Successful IEO – Could These 3 Crypto Presales Follow Suit Upon Launch?

JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian

Sony’s Mandatory PSN Policy Sparks Outrage with Ghost of Tsushima PC Release

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!