The explosive movement of BitcoinCryptocurrency expert analyst TechDev stated through social media that every 3 to 3.5 years, there is a signal indicating that the cryptocurrency with the largest market value has seen several months of growth
The explosive movement of Bitcoin
Cryptocurrency expert analyst TechDev stated through social media that every 3 to 3.5 years, there is a signal indicating that the cryptocurrency with the largest market value has seen several months of growth. The analyst pointed out in his speech:
Every 3 to 3.5 years, this signal indicates that Bitcoin will experience explosive growth in the coming months.
According to analysts' charts, as China's bond yields fall relative to the dollar index, the price of Bitcoin should also rise. TechDev stated that other long-term signals such as relative strength index (RSI) and moving average convergence/divergence (MACD) indicate that BTC is on the verge of breaking through.
Requirements for BTC rebound
The cryptocurrency analyst subsequently emphasized the breakthroughs Bitcoin has experienced relative to Nasdaq over the years, and stated that investors do not want to miss out on this leading cryptocurrency, which has risen 10 degrees relative to the stock market. In September, TechDev stated that Bitcoin met the three main requirements for initiating an increase. This analyst stated that Bitcoin has hit a historic high four times, each time displaying three specific signals. The analyst emphasized the following content regarding this topic:
The three pronged signal before Bitcoin's four ATH adjustments: breaking the 20 month moving average. Monthly bullish MACD crosses. The monthly bullish vortex crosses. The global liquidity index oscillates on a cycle of approximately 3.5 years. In addition, there is a daily growth trajectory.
According to data from 21milyon.com, as of the time of writing, the transaction price of Bitcoin was $34271, which has slightly increased in the past 24 hours.
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