The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Football price for lion and players soft. All Arcu Lorem, Intrimies, any children or, ulamcorper, hate football.
This article is also available in Spanish.
The Crypto Doctor Profit analyst has risen in fame to make many semi -perfect calls for the Bitcoin price. Bitcoin expected a decrease from $ 109,000 to the bottom, then the bottom was called for $ 77,000, expected to bounce BTC price to the highest level ever, which it did. Now, as bitcoin bounced from reaching the highest new level ever exceeding $ 111,000, the encryption analyst has returned with the following steps and where the cryptocurrency can go from here.
Why the price of the golden bitcoin the cross matters
In his book X, Profit begins to explain The current market psychology invites those who continue to contact the bear market. It refers to these people as “exit liquidity” for real players, which hints that they are wrong in their position. Instead, it indicates an important formation in the bitcoin price scheme, the golden cross, which appeared last week.
Related reading
The analyst calls the appearance of this golden cross “a signal signal with historical accuracy.” He explains that this signal is very rare, but it was every time, there is no reason to deviate from it. He also explains that the golden cross has always been a long sign in the game. Thus, the results are not expected to start appearing early.
The golden cross style appeared on the weekly graph, and the encryption analyst highlights its historical accuracy. Every time the price of bitcoin has formed this golden cross, it usually leads to a multi -multiple gathering. If this is the case in this course, this indicates that Bitcoin Bull’s operation has not yet ended.
Don’t worry about bears
After the appearance of the golden cross style, another event related to the development on the bitcoin price scheme and that is The declining difference on the weekly time frame. Usually, this means an end to the gathering and the price can start to decrease. However, the encryption analyst appears to be uncomfortable with this.
It indicates a similar divergence that appears at Bitcoin price was trading at 80,000 dollars Nothing happened. Since the cryptocurrency continued its upscale journey at that stage, the analyst takes this as a hint that the declining difference is backward and only appeared due to the announcement of Donald Trump’s tariff last week. “There is no practical value here,” said Dr. Rabah.
Things to pay attention to
To date, the doctor’s profit is attributed to the price of bitcoin to the “standard cycle behavior”. This includes achieving profits from short -term holders who have been purchased in the past six months, while long -term holders remain not affected. Another rise factor includes the fact that the output Blackrock flows are still low despite the Trump’s renewed war.
Related reading
The configurations on the bitcoin price scheme that shows climbing trends to a cup and a handle style on the daily chart that sets The hack area is between $ 113,000 and $ 115,000. Also, the price of bitcoin scored its highest level and its highest level after registering it at $ 74,000, indicating that the direction support was still strong.
The Bitcoin price is also traded before all the main moving averages (MAS), including average for 20 days, 50 days and 200 days. Finally, not another, Doctor Profit also indicated that the MACD line has via the signal line on the weekly chart. This means that the momentum remains in favor of the bulls. Looking at this, the analyst believes, “There is no reason to fear at all.”
Distinctive image from Dall.e, Chart from TradingView.com
The post What You Need To Know In June first appeared on Investorempires.com.
