Bitcoin (BTC) awakened from its post-holiday slump, breaking easily above $8,000. A combination of geopolitical tensions and renewed appetite for trading led BTC as high as $8,360. Bitcoin on Verge of Entering Six-Month Bullish Channel Has a new bull market began in #Bitcoin $BTC? 1. Market held support at lower boundary of multi-yr channel2. Small H&S bottom on daily chart3. Pending penetration of 6+ mo channelIf enough cryptocultists have been shaken out since Dec ’17, then “yes”If not, then “no” pic.twitter.com/vpKQeOKqLI Following those two completed chart moves, bitcoin has the chance to enter a six-month appreciation channel, though this move is not yet certain and depends on closing levels in the coming days. #Bitcoin Targtet Achived Chart:Finally #BTC broke big Resistance and now $7800-$7900 Become Big Support.$8362 is Small Resistance so Struggling and Next Target $8703 and $9500.#BTCUSD #LightningNetwork #Crypto #Blockchain #Ethereum #Bullish #trading #stockmarkets #economics pic.twitter.com/MZT9qHkMJm The current price move also sees bitcoin generally in a longer-term bull market, which started off from lows of $3,200 in December 2018. Despite the temporary fluctuations, BTC has remained above $6,000 for most of the time, with still a preserved trend for a slow climb. The Halving is NOT priced in! #BULLISH #BITCOIN#BTC #Halving #trending #cryptotwitter #crypto The bitcoin bull rally also impacted Litecoin (LTC), an asset that moved in unison, adding around 14% in its first week of 2020. Images via Shutterstock, Twitter @KevinSvenson @Cryptopatel @PeterLBrandt The post appeared first on Bitcoinist.com. —- 原文链接:https://thebitcoinnews.com/bitcoin-bull-run-3-reasons-why-btc-will-continue-to-surge/ 原文作者:Bitcoinist 编译者/作者:wanbizu AI 玩币族申明:玩币族作为开放的资讯翻译/分享平台,所提供的所有资讯仅代表作者个人观点,与玩币族平台立场无关,且不构成任何投资理财建议。文章版权归原作者所有。 |
Bitcoin Bull Run: 3 Reasons Why BTC Will Continue to Surge
2020-01-09 wanbizu AI 来源:thebitcoinnews.com
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