A reason for trust
A strict editorial policy that focuses on accuracy, meaning and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reports and publication
A strict editorial policy that focuses on accuracy, meaning and impartiality
The price of a lion football and players are supple. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
This article is also available in Spanish.
Bitcoin still Show signs of immunity In the region $ 95,000, pushing higher from the last minima and trying to regain its stubborn structure after unstable April. The monthly candlestick on April on the graph of Futures CME contracts currently presents a forceful stubborn formation, which, if supported to a weekly closure, can provide the market with a stubborn rush to close May with another stubborn candle.
The potential of this stubborn closed is sufficient sway Bears supporters, according to Tony’s cryptographic analyst “The Bull” Severino.
A raging tool for a bull flashes the signal on the Futures CME
Bitcoin price price Over the past two weeks He was positive and saw how the stubborn fondness weakens slowly creeping among cryptographic traders. Interestingly, this price campaign even saw the Bitcoin net volume become positive For the first time in some time. Although the trend is still at an early stage, the renewed force is already beginning to soften some of the more bears of perspectives, especially when key indicators begin to rotate.
Tony “The Bull” Severino, a well -acquired cryptographic analyst, Recently revealed Social media platform X, which was included in his reserved “raging bull” indicator. However, this indicator joined only on the Futures Bitcoin CME contract, and not on the BTC/USD chart.
The discrepancy between the Futures CME and the point chart, with only the previous flashing of this stubborn signal, increased the complexity of the current Bitcoin perspective. Raging Bull Tool, which uses weekly price data, has been designed to identify the early stages of powerful upward movements. According to Severino, the appearance of this signal, despite its bears, suggests that a significant change in the market structure may develop. However, he quickly added that confirmed weekly closure is still necessary before drawing any solid conclusions.
Breaking above this level is crucial
By studying the monthly chart divided by the analyst, the stubborn candlestick is clearly apparent after a acute reflection from April below USD 83,000. Bitcoin began in April from around $ 83,000, but a rapid deterioration of the economic situation In the first few days I pushed the price down until it was about USD 75,000. However, the current April candle not only removes March losses, but also indicates an increased interest in bitcoins from institutional traders on the CME platform.
Despite this, despite the encouraging candlestick formation, Bitcoin must definitely exceed the region from 96,000 to 100,000 USD, in which the previous ones were annulled. This level acts as a ceiling that could determine if the last stubborn rush continues or stalls. Lack of closing above this range, in a weekly or monthly time, may annul the raging bull signal.
In addition, the raging bull indicator must turn back on the BTCUSD map to confirm forceful stubborn perspectives. You can do it only then Bitcoin manages to break well above USD 96,000.
At the time of writing, Bitcoin trades for USD 94,934.
A distinguished picture from Pixabay, chart from tradingview.com
