Canada News Bitcoin – A cryptocurrency YouTuber posted a picture depicting the rise, consolidation, and fall of Bitcoin. Bitcoin may surpass the 25K mark if there is an increase of 15+%.
The likelihood of increased volatility should be monitored by traders. Crypto Youtuber Crypto Rover posted a picture of Bitcoin and the US dollar showing how Bitcoin was stabilizing after each climb, which was then followed by a decline. Canada News Bitcoin Has a Cyclic Pattern Can It Survive? Crypto Rover Will the BTC trend continue? Rover tweeted in reference to this cyclical pattern.
Given that BTC has increased by more than 15%, the currency may surpass $25K with the upcoming spike. This can boost the confidence of purchasers and traders holding long positions.
1-Day Trade Chart for BTC/USDT (Source: TradingView)
The fact that there will be increased volatility can be relied upon, even though it is impossible to predict whether there will be a rise. Canada News Bitcoin Has a Cyclic Pattern Can It Survive? Crypto Rover The expanding Bollinger bands might support this idea. Bitcoin may also swing in either direction because it is so close to the median line.
As a result, traders need to be vigilant in order to take advantage of the chance. The current consolidation period will create an opportunity given that Bitcoin will increase in value.
1-Day Trade Chart for BTC/USDT (Source: TradingView)
The RSI in the aforementioned chart is at 51, indicating neutrality—it is neither overbought nor oversold. The BearBullPower indicator, meanwhile, is at 77 and trending upward, suggesting that bulls may ultimately prevail.
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BTC Has a Cyclical Pattern; Can the Trend Survive?: Crypto Rover first appeared on Coin Edition.
The RSI in the aforementioned chart is at 51, indicating neutrality—it is neither overbought nor oversold. The BearBullPower indicator, meanwhile, is at 77 and trending upward, suggesting that bulls may ultimately prevail.
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