Bitcoin Breakout Beyond $50K Brings Bull Market Fractal Back In View

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Pon, 23. avgust 2021 8:00

Bitcoin Breakout Beyond $50K Brings Bull Market Fractal Back In View

Bitcoin price is back above $50,000 and its return to the key resistance level has brought a potential bull market fractal back into focus. The bullish fractal in question suggests that another leg up in the crypto bull cycle is coming, matching the epic 2013 rally grand finale.

Če se potencialno ponavljajoči se vzorec cen, ki se igra podobno, ne zadostuje za prepričanje, se zdi, da tudi dva ločena tehnična kazalca na mesečnih časovnih okvirih ustrezata pogojem, ki so spodbudili enega največjih shodov v zgodovini kriptovalute.

Bitcoin price is back retesting $50,000 and while the level itself might be a clear phycological barrier due to the rounded price around halfway to most long-term targets, it also happens to be the median of the asset’s logarithmic growth curve.

Logaritmični kanal rasti drži kripto valuto v svojih mejah za ves svoj obstoj, vsebuje vsak mehurček in podpira vsak doprsni kip.

Pretekli cikli bikovih trgov so se vedno zaključevali v rdečem pasu in dejstvo, da najvišja kriptovaluta po tržni kapitalizaciji nikoli ni dosegla cilja, je najboljši argument, zakaj vrh še ni prišel.

Related Reading | Weekly Bitcoin Momentum Cross Bullish For First Time Since March 2021

Whether or not the bull market has ended is heavily debated, but with Bitcoin back around $50,000 an answer should be near.

Past performance isn’t indicative of guaranteed future results, but beyond Bitcoin brushing up against the log channel median, there are also a number of other factors that match up almost perfectly.

Primerjava cenovnih dejanj ni dovolj pogosto, da bi prepričala večino analitikov, še posebej, če so drugi tržni pogoji drugačni. Vendar pa so tudi okoliščine zadnjega dela leta 2013 in trenutno stanje cikla leta 2021 srhljivo podobne.

During both rallies, Bitcoin paused after passing above the log median, fell back to the 1.618 golden ratio Fib extension level, and then made a successful attempt at touching the red upper boundary of the log channel.

The Relative Strength Index on monthly timeframes also is behaving similarly, with Bitcoin just a few grand away from blasting back into bull market territory – a zone it spent very little time in comparative to the 2017 bull market.

RSI, ki naredi dvojni vrh z nižjo višino, da ustvari medvedjo razhajanje, bi pomenil konec bikovskega teka.

Related Reading | Why An Ongoing Bullish Bitcoin »Ponovni preizkus« lahko povzroči nove najvišje vrednosti

LMACD, različica MACD, ki temelji na dnevniku, orodje za zagon, prav tako kaže podoben obrat navzgor po bližnjem križanju. Taka poteza je izrazito bikovska in pogosto povzroči močno premikanje navzgor.

The bullish conditions could propel Bitcoin price beyond the log channel median, and toward the red zone of the channel. Targets for the end of the cycle would be upwards of $125,000 based on the current location of the upper boundary, but as time progresses this peak gradually moves higher.

Trgi so ciklični in zgodovina se pogosto ponavlja. Ko se ne, se še vedno pogosto rima. Čeprav prejšnja uspešnost ne zagotavlja prihodnjih rezultatov, so po besedah ​​Sir Johna Templetona štiri najdražje besede pri vlaganju "tokrat je drugače".

Will Bitcoin blast off toward $125,000 and higher from here?

The similarities between #Bitcoin in 2013 and 2021 continue to grow. Peak will be in red. Currently around $125,000. I tend to think $144,000 when it's all said and done. pic.twitter.com/4IU504uxPt

- Tony "The Bull" Spilotro (@tonyspilotroBTC) 23. avgusta 2021

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