Bitcoin Is Repeating The 2023 Setup That Sparked Its Last Major Rally, Analyst Says
Bitcoin may be quietly setting up its next big move. Despite this week’s sell-off, a crypto analyst has spotted a pattern on the weekly chart that last appeared in 2023, shortly before BTC launched a rally that more than doubled its price. BTC is currently trading around $76,000, sitting just above its weekly 50-period moving […]
Key Takeaways
- Bitcoin may be quietly setting up its next big move.
- Despite this week’s sell-off, a crypto analyst has spotted a pattern on the weekly chart that last appeared in 2023, shortly before BTC launched a rally that more than doubled its price.
- BTC is currently trading around $76,000, sitting just above its weekly 50-period moving […]
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Kevin O’Leary Says His Michael Jordan Card Is Worth $2 Million
Kevin O'Leary says his red Michael Jordan card, bought for $500,000 to $600,000, is now worth over $2 million. Here is what sales show. The post Kevin O’Leary Says His Michael Jordan Card Is Worth $2 Million appeared first on BeInCrypto.
Zcash Price Is Flashing a Warning Sign for Bitcoin and Ethereum
Crypto trader Ansem says intraday weakness in the Zcash price, where most unrealized profit sits, could signal the next move for Bitcoin. The post Zcash Price Is Flashing a Warning Sign for Bitcoin and Ethereum appeared first on BeInCrypto.
BitFuFu’s October Bitcoin Mining Output Falls Despite Steady Hashrate
BitFuFu produced 137 BTC in October, down from 167 in September, while managed hashrate stayed close to 19.5 EH/s. The miner attributed the decline partly to…