Cryptocurrency
Bitcoin Weekly Candle Wicks Are Telling of Explosive Impulse Upward
As read on NewsBTC, “Bitcoin price just exploded, setting a new higher high following last month’s plummet to below $4,000. Is this the start of a new bull market as the halving looms closer? “Weekly candlesticks suggest that an explosive impulse upward is likely to occur, potentially making for the perfect pre-halving set up for a massive rally. […]
As read on NewsBTC, “Bitcoin price just exploded, setting a new higher high following last month’s plummet to below $4,000. Is this the start of a new bull market as the halving looms closer?
“Weekly candlesticks suggest that an explosive impulse upward is likely to occur, potentially making for the perfect pre-halving set up for a massive rally.
“The cryptocurrency market has been experiencing the longest stretch of extreme fear ever, according to the crypto market fear and greed index. Sentiment is so low and fearful, due to the recession, the coronavirus, and due to post-traumatic stress syndrome leftover from the catastrophic collapse on Black Thursday last month.
“Bitcoin price collapsed from $10,000 to under $4,000, but in less than a month the asset has doubled in value, rising from $3,800 to $7,600 today with the new high set.
“But when investors are fearful, it is the time that smart money becomes greediest and begins accumulating assets at low prices, while others miss the boat.
“Bitcoin has been at the lowest price in well over a year, offering a value for investors who could buy the asset at a ‘fire sale‘ discount…”