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An analyst with a history of making timely Bitcoin calls believes that BTC is on the verge of a correction. Pseudonymous ...
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What Is the Bitcoin Rainbow Chart? How To Use It for Market TimingThe Bitcoin Rainbow Chart is a color-coded tool visually illustrating Bitcoin’s long-term price trends and market sentiment in color-coded bands. Institutional interest in the current market ...
But analysis can be rewarding. If you're holding or planning to buy Bitcoin (CRYPTO: BTC), there's a chart you need to see and understand. Bitcoin is a financial asset. While it's true that in the ...
Looking at the chart of Bitcoin (BTC), last night’s close was within 2% of the close from the first quarter. Last night’s close was also within 3.1% of the close from the last day of the ...
The chart above resembles the opposite of a hedge and instead might suggest that Bitcoin is highly correlated to the S&P 500. And if you go back and compare 2022, when the S&P 500 crashed by 19% ...
Bitcoin’s 50-day moving average has turned bullish for the first time since March (green arrow in the chart). The mid-September rally helped to start this bullish trend before slipping into ...
But this cloud has a silver lining. Check out these charts: Look closely at the correlation, and then look at what the price of Bitcoin is doing at times when the correlation is at its lowest.
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