shows that after a brief pause near support at $47,000 in early trading on Monday, an afternoon wave of buying helped lift BTC above $48,000 and bulls are identifying $52,000 as the next stop.Here’s a look at what several market analysts are saying about this latest move for Bitcoin and what could come next as the bullish narrative continues to gather momentum.
the following chart showing the “strong weekly close by Bitcoin,” which closed “above the 20 WMA and 50/100 DMA.”“Critically also breaking the key weekly support/resistance level defining the middle of the range. Now sat below the 100 DMA and yearly pivot and a high volume node.”Analysis of the long-term price performance of BTC was discussed by crypto trader Jordan Lindsey, who
the following chart suggesting that the Bitcoin bull run that began in early 2021 is still ongoing due to an extension of the 4-year cycle.“Bull market breakout has never faded. We continue to be in a Bitcoin bull market since 2020. Cycles are longer. Lengthening or new structure? This is the question.”
The overall cryptocurrency market cap now stands at $2.168 trillion and Bitcoin’s dominance rate is 42.1%. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Why do you people mislead everyone in Crypto majority of your analyst are wrong this is nothing but a relief rally given the real circumstances this is nothing but a bull trap. You people should be gagged. Trying to wreck everyone!
Really liking the look of this price action. Showing some signs of strength towards the start of the week . Will definitely be looking to long this action if we break above 48k $BTC following Btcanne_ I’ve been doing extremely superb, her tweets has been accurate & helpful
This ! Bitcoin
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Top 5 cryptocurrencies to watch this week: BTC, ADA, AXS, LINK, FTTBitcoin’s increasing strength and a daily close above $45,000 could rub off on altcoins like ADA, AXS, LINK and FTT. HODL $ALTB in my AltbaseApp You can get Altbase on PancakeSwap & gate_io BSC BinanceSmartChain BSCGem You can also earn Ruby in the RubyPlayNetwork by performing simple tasks BSC
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