Bitcoin 'double bottom' excites bulls as NVT signal predicts major move

Bitcoin 'double bottom' excites bulls as NVT signal predicts major move

A strong sense of deja vu is palpable from comparing Bitcoin's last bear market to this one, Stockmoney Lizards suggests. Bitcoin (BTC) is delivering striking similarities to its last bear market but the recent bottom may be its last, research says.In a tweet on Oct. 31, popular trading account Stockmoney Lizards furthered the bull case for BTC/USD.Bitcoin "repeats itself" in 2022The past few days have seen talk of Bitcoin encountering a “double top” with two spikes over $21,000. The implication is bearish — declining volume suggests that bulls will not be able to flip the level to....


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TA: Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

Bitcoin is forming a double bottom pattern near the $45,500 zone against the US Dollar. BTC is rising and there could be an upside break above $47,200. Bitcoin started an upside correction from the $45,500 support zone. The price is now trading near $47,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $47,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major increase if there is a clear move above the $47,000 resistance. Bitcoin Price Forms Double Bottom Bitcoin price declined again....

Potential Bitcoin price double-bottom could spark BTC rally to $30K despite ‘...

The selling pressure in the Bitcoin market is not as bad as it was during the Terra and Three Arrows Capital crises. Bitcoin’s (BTC) price may climb by more than 50% in September, a month otherwise considered ominous for the cryptocurrency due to its poor historical returns. BTC price double-bottom and then to $30K?The conflicting upside signal comes from a potential double-bottom pattern on Bitcoin’s longer-timeframe charts against the United States dollar. Double-bottoms are bullish reversal patterns that resemble the letter W due to two lows and a change in direction from downside to....