The cryptocurrency базар continues to suffer the effects of the FTX-induced collapse, including on its flagship asset – Bitcoin (BTC) – which is still struggling to get near the $17,000 level, but certain indicators suggest a rally could be coming.
Indeed, the 2-week cross in Bitcoin анын кыймылдуу орточо конвергенция дивергенциясы (MACD) that has recently occurred indicates that BTC could be in for a bottom and big rally soon, as байкалып псевдонимдүү крипто аналитик тарабынан Мурут December 7 боюнча.
According to the expert, every time the flagship decentralized finance (толугу менен) token made such a move, “there was a big rally afterwards.” On top of that:
"Ичинде аюу базар of 2015 and 2018, the cross also signaled the bottom and start of the next бука Нускасы for BTC.”
At the same time, a crypto expert known as маглар элек белгиленген that the BTC bottom could indeed be very close, as compared to Bitcoin’s price action in 2018:
Other expectations
It is also important to note that another крипто соода аналитик, CredibleCrypto, voiced the expectation of a possible final push into $16,400 – $16,500 before Bitcoin can expect a reversal back up and continuation to $18,000 – $19,000 targets.
Анын үстүнө, Trader Tardigrade жайгаштырылган his own analysis, concluding that Bitcoin’s current activities could mean that it is “consolidating just before a strong trend,” as the sentiment remains bearish.
Meanwhile, Bitcoin has failed to hold колдоо at the same time as the биржа has started to show weakness, with expert and analyst Michael Van де Попп күтүп жаткан узак at around $16,500 or reclaiming of the $16,900 level.
Bitcoin баа анализи
At press time, Bitcoin was trading at the price of $16,858, down 0.97% on the day and 0.11% across the week, as its cumulative losses on the monthly chart have reached 18.67%.
As things stand, Bitcoin’s market capitalization is $324.13 billion, retaining its position as the largest cryptocurrency Бул көрсөткүч боюнча CoinMarketCap маалыматтар Финболд тарабынан 7-декабрда алынган.
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Source: https://finbold.com/bitcoin-indicators-hint-at-bottom-and-btc-bull-run-in-the-cards/