Bitcoin Just Entered The DCA Zone Again, Why This Is A Good Time To Buy
Crypto analyst Merlijn has revealed that Bitcoin has just re-entered the DCA zone, indicating it’s a good time to buy BTC. The leading crypto is already staging another rebound, rising to the psychological $70,000, which has so far proved to be a major resistance level. Bitcoin Reenters DCA Zone As Price Eyes Another Rally In an X post, Merlijn stated that Bitcoin has just entered the DCA zone on the rainbow chart and that BTC is now back in the DCA zone. He noted that a massive rally has followed every time this has happened. At the same time, this is when retail investors have....
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Bitcoin’s price action throughout the past 24-hours has been incredibly positive for bulls, as the crypto is now consolidating below its crucial resistance as buyers take aim at catalyzing further upside. In the near-term, it appears that where BTC trends next may depend almost entirely on its reaction to the selling pressure that exists between […]
Bitcoin price continues trending higher and the bulls are in control. The proposition remains that it’s a speculative certainty that price will, eventually, strike out for $500 – can the market do it this time? The BTC/CNY exchange charts are leading price into the resistance zone. Although the USD charts do not confirm the move, they tend to rapidly catch up when the market is gripped by rally fever. There are no technical indications that imply that the BTCC chart, above, will definitely break through resistance, but this is often the case prior to a breakout. To break above resistance,....