Bitcoin price hints at "megaphone" bottom pattern, and a breakout toward $40K

Bitcoin price hints at ‘megaphone’ bottom pattern, and a breakout toward $40K

Bitcoin’s (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern. Dubbed as Broadening Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines. Investopedia states that a broadening formation represents disagreement over…

Binance P2P Tutorial - How To Add Funds, Trade & Withdraw

Is the Bitcoin Bottom In? Top Crypto Analyst Outlines Potential Path Ahead, Issues Weekly Close Warning

It’s crunch time for Bitcoin and the crypto markets, according to a popular analyst. The pseudonymous trader known as Capo tells his 140,000 Twitter followers that Bitcoin may still be in a Wyckoff accumulation pattern, with BTC setting itself for a big move to the upside when the pattern completes.…

Bitcoin metric sees hell of a bounce in move which historically heralds BTC price bottom

Bitcoin metric sees ‘hell of a bounce’ in move which historically heralds BTC price bottom

A classic Bitcoin (BTC) on-chain indicator has seen a “hell of a bounce” even as price action stays uncertain. In a tweet on July 9, Philip Swift, creator of analytics resource Look Into Bitcoin, highlighted a dramatic change of course for the Puell Multiple. Advancing Puell and hash rate “a…

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