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Bitcoin metric sees hell of a bounce in move which historically heralds BTC price bottom
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The Bearish Signal Ethereum Bulls Need To Fear
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One of the biggest arguments going on across crypto right now, is whether or not Bitcoin price action has topped out for this cycle. After a tremendous run, a peak could very well be here, and there are several indicators that back up this theory.
The creator of one of those indicators, and one that boasts a flawless track record, believes that although the signal has appeared, there’s room for another – later rally that will cause the signal to show once again sooner than expected.
Picking Out Peaks In Crypto Has Always Been As Easy As Pi
Bitcoin suddenly hits $60K as a new resistance battle liquidates $850M BTC/USD reaches $61,000 for the first time in almost one month in a fresh burst of bullish market action. 63628 Total views Market Update
Bitcoin (BTC) returned to $60,000 on April 10 as a bout of long overdue volatility hit the market in line with analysts expectations.
BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Being a bear is expensive
Cointelegraph Markets Pro and TradingView showed a sudden push allowing BTC/USD to exit the $50,000 corridor overnight on Friday.
The move had been weeks in the making a convincing attack on $60,000 resistance, the last before all-time highs, had previously failed to materialize before.
Can Bitcoin whale deposits to exchanges actually predict BTC price?
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