Bitcoin Bull Run Looming? Expert Anticipates Grand Massive Upsuge In The Coming Months

Quick Summary:

Despite a recent drawback in the price of Bitcoin, the largest crypto asset is still witnessing a wave of bullish predictions from several analysts as investors and traders anticipate a major rally in the short term, reflecting a strong sentiment in the potential of BTC among these crypto enthusiasts.

Specifically, the inverse head and shoulders formation suggests the end of a declining trend, which means that Bitcoin could be poised for an upward breakout out of its present phase.

Also, the second crossover occurred and the asset’s value began to rise rapidly, leading to a huge bull run within the period.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: Bitcoin News Moving Average Convergence Divergence Ash Crypto Right Shoulder Btc Inverse Head And Shoulders Pattern Btcusd BTCUSDT MACD Zero Line Trader Tardigrade Bitcoin MACD

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 20:30:45 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22842948

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 11 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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