Top traders say Bitcoin log chart points to a 2017-style BTC bull run

Top traders say Bitcoin log chart points to a 2017-style BTC bull run

As Bitcoin price rises to new heights, top traders say the monthly and logarithmic chart signal that BTC is entering a new bull trend. Peter Brandt, a well-regarded veteran trader, recently emphasized the high demand from institutions as a key catalyst for Bitcoin's strong performance. BTC/USD 1-month chart. Source: TradingViewThe strong high time frame technical structure of BTC, especially the weekly chart, and the strengthening fundamentals are buoying the market sentiment. In a tweet, Brandt posted the above chart and said:“Bitcoin—IF the current gains hold through end of Oct—is poised....


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Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter...

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Bitcoin 2017 Vs. 2021: How This Bull Run Is Different

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Bitcoin can hit $92K in April and still not match bull run RSI peaks: Analyst

More proof that Bitcoin is far from the most vertical stage of its bull run comes from PlanB and the relative strength index. Bitcoin (BTC) can surge to $92,000 in the next two weeks and still “only” be matching its past performance, new data claims.In a tweet on Wednesday, PlanB, the analyst behind the stock-to-flow family of Bitcoin price models, noted that despite this week’s gains, BTC/USD still has plenty of energy in it.PlanB focused on Bitcoin’s relative strength index (RSI), a classic metric used to chart the progress of price runs in particular. RSI can give a useful insight into....