A historically reliable indicator flips bullish after bitcoin's back-to-back monthly gains. reports godbole17
Bitcoin'smay have legs, with a historically reliable indicator flashing a green signal to trend-following traders.
in a market insight published early Friday."The previous occurrences of crossover signal triggered were the 2021 summer lows, and the April 2021 market high, with both leading to multi-month trend reversals." On the downside, Guppy's red band of long-term MAs could offer support."If BTC begins to lose momentum after this rally, look for the long-term MA grouping to act as support should price retest this area," Delphi's analysts said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Market Indicator Flashing ‘Recession’Since 1955, every US recession has been preceded by the inversion of the Treasury yield curve. Was yesterday's yield curve inversion an indicator of a recession? Listen to 'The Breakdown' with NLW.
Read more »
Michael Saylor: Financial markets are ‘not quite ready’ for Bitcoin bondsMicroStrategy CEO Michael Saylor said in an interview that traditional financial markets aren’t quite ready for Bitcoin right after taking out a $205 million Bitcoin-collateralized loan to purchase even more Bitcoin.
Read more »
Bitcoin in Times of War | HackerNoonThe decentralized, permissionless nature of Bitcoin really does make it a beast that cannot be brought down that easily. This is a crucial aspect of Bitcoin as
Read more »
Solana’s SOL Highest Gainer Among Major Cryptos as Bitcoin Holds $47KInvestors are now looking to allocate to altcoins and other major cryptocurrencies as appetite for risk is back, one analyst said.
Read more »
Bitcoin Ends Q1 Closely Following S&P 500As the S&P 500 closed out Q1 down 5.5%, bitcoin (BTC) closely followed, with the world’s largest digital asset tied to the S&P 500 as closely as ever. thesamreynolds reports.
Read more »
Bitcoin 'dormant' for 7+ years moved right before BTC price dropped 5%More 'zombie' bitcoins last active 7-9 years ago moved on Tuesday than on any day since December 2017.
Read more »