Bitcoin keeps pressure on a key breakout level which preceded previous BTC price runs to all-time highs.
Bitcoin is consolidating immediately below a key bull market breakout level which sparked the rapid run to all-time highs in both 2017 and 2020. on April 12, popular trader Jelle flagged a key crossover due on Bitcoin’s Pi Cycle Top indicator.Pi Cycle Top is a classic Bitcoin bull market observation tool. Consisting of two moving averages, it has consistently delivered macro top signals for BTC price action.
“Once Bitcoin breaks the Pi Cycle moving average — all bets are off,” he wrote in accompanying commentary.Bitcoin Pi Cycle Top indicator. Source: Glassnode While such price action has unnerved some market participants, others, including Jelle, see it as healthy behavior around such a critical psychological line in the sand.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bitcoin funding rates stay cool while BTC price coils beneath $71KBitcoin benefits from lower U.S. PPI data with BTC price action now challenging the $71,000 mark.
Baca lebih lajut »
Spot Bitcoin ETF Flows Return to Positive as BTC Powers to $71KCrypto Blog
Baca lebih lajut »
Crypto Markets Add $70 Billion Daily as Bitcoin (BTC) Soars Past $71K (Market Watch)Crypto Blog
Baca lebih lajut »
Bitcoin Price Breaches $71K As Bitcoin Minetrix ICO Nears $13M MilestoneCrypto Blog
Baca lebih lajut »
673 BTC Bought by Bitcoin Whale as BTC Price Eyes ReboundBitcoin whale with accumulation of 4,451 BTC boosts holdings
Baca lebih lajut »
Bitcoin absorbs $100M+ ‘sell-side days’ as bears lose BTC price cloutBTC price drawdowns have not even hit 20% this cycle as Bitcoin buyers absorb huge outflows.
Baca lebih lajut »