Spirit
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🚨BTC/USD 1 hour chart. Source: TradingView
For Hyland, however, there are more worrying signs that the bull run may be in trouble after solid 60% gains since early October.🚨
📉The warning sign, he says, is Bitcoin’s share of the crypto market’s total market capitalization. 📈
📉 “The dominance is reversing in accordance with the bearish divergence that has been observed. I returned all the winnings from the movement the other day,” he wrote in the post
“If it breaks and closes below 51.81, it would be the first low in over a year and the end of the uptrend, as well as a likely high.”
$BTC
#cryptomonnaie
#trading
For Hyland, however, there are more worrying signs that the bull run may be in trouble after solid 60% gains since early October.🚨
📉The warning sign, he says, is Bitcoin’s share of the crypto market’s total market capitalization. 📈
📉 “The dominance is reversing in accordance with the bearish divergence that has been observed. I returned all the winnings from the movement the other day,” he wrote in the post
“If it breaks and closes below 51.81, it would be the first low in over a year and the end of the uptrend, as well as a likely high.”
$BTC
#cryptomonnaie
#trading
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🚨BTC COMES BACK TO $44,000.00 SOON🚨
Bitcoin has surpassed $44,000, marking a significant recovery with an increase of more than 160% since the start of the year. This upward trend, which has reached unparalleled highs since April 2022, is, according to analysts, only the beginning of a longer bullish phase. The rise in bitcoin's value is attributed to its growing stature as a global macroeconomic asset and the anticipated approval of a spot bitcoin ETF in the United States. Ethereum also followed this positive trend, approaching $2,300.
Bitcoin has surpassed $44,000, marking a significant recovery with an increase of more than 160% since the start of the year. This upward trend, which has reached unparalleled highs since April 2022, is, according to analysts, only the beginning of a longer bullish phase. The rise in bitcoin's value is attributed to its growing stature as a global macroeconomic asset and the anticipated approval of a spot bitcoin ETF in the United States. Ethereum also followed this positive trend, approaching $2,300.
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