This technical indicator specific to Bitcoin BTC has market analysts excited about a possible massive rise.
According to popular cryptocurrency analysts, Bitcoin received bullish confirmation from an important technical indicator. “Firefly TapeOne of the names based on this technical indicator called “thescalpingpro” became a social media phenomenon. Bitcoin went above the band in question and confirmed in support indicating analyst, A huge rise is at the door defended.
Bitcoin seen on the shared chart before 2017 After exceeding this support in 2017, approximately 400 dollars from level for $19,500 It had risen to . Another time, Bitcoin was around 10 thousand dollars band turned this band into support and then 64 thousand dollars It made a big move up to .
The analyst previously said that the confirmation from this technical indicator was in Bitcoin. epic rises He explained what triggered it with the following statements:
Bitcoin Firefly turned its bands into support. Every time the price broke above the Firefly, there was an epic bull run.
Another experienced analyst “Crypto Rover” saw the pennant formed on Bitcoin’s 12-hour chart. sign did. While the analyst argued that this pennant was a preparation before a huge rise, he drew attention to the shape that has served as support and resistance points for a long time in his post:
Bitcoin is preparing for a BIG move!
According to CoinGecko data, in the last 24 hours 1.8% rise BTC exhibiting, at the time of writing from $37,270 is being traded.
