THE BULL IS BREAKING THE STOCK MARKET

Spread the love

According to a growing number of industry analysts, there is growing evidence to back up the idea that Bitcoin is poised to embark on another leg higher, despite the harrowing cries for a return to $6,000 and even lower.⁠
.⁠
According to analyst Nick Cote, Bitcoin is nearing the point where it may reenter its “bull run” phase.⁠
.⁠
In fact, he writes that Bitcoin should turn the $11,100 to $11,300 region into support, meaning a strong close maybe on the daily and weekly, a move higher would totally make sense. He writes, “[a] weekly engulfing for the bulls has usually had a follow through the following week”.⁠
.⁠
A close above that level would negate the losses sustained last week, meaning that bulls can resume their foray to the upside.⁠
.⁠
The last two times that Bitcoin has seen this signal in this cycle was preceding two three-week surge to the upside of 52% and 61%.⁠
.⁠
Should history repeat itself, BTC could surge to around $17,000 by the end of August, riding on the back of bullish momentum.⁠
.⁠
That said, are you bullish or bearish on BTC? Leave your comments below!⁠
.⁠
Hey guys!..Like you may have already noticed, I´m taking over @bpbizfield.com page today. Hope you guys enjoy the content!⁠
Read more at bpbizfield.com

Leave a Reply

Your email address will not be published. Required fields are marked *