Bitcoin Flashes Bullish Signal Not Seen Since 2014 – Analysts Expect A Massive BTC Move

Amidst all kinds of predictions about the price of Bitcoin these days, a new pattern is spotted.

Despite the uncertainty surrounding Bitcoin, the king coin just flashed a bullish signal that has not been seen in six years.

Bitcoin flashes a bullish signal

According to the latest reports coming from the online publication, the Daily Hodl, crypto analyst Eric Thies highlighted a trend indicator known as the KDJ.

The interesting issue is that this has made a bullish cross on the six-month timeframe for the first time since 2014.


The online publication mentioned above explains that “the KDJ indicator is an extension of the stochastic oscillator, which is used by traders to predict changes in an asset’s trend.”

It’s important to highlight the fact that this latest KDJ cross is suggesting that BTC’s trend, in the long run, is shifting from a bearish one to bullish.

Bitcoin might have a bearish fate in the future, but analysts are not quite sure of the king coin’s trajectory in the short term.

The same online publication mentioned above brings up crypto strategist and trader Smart Contracter who said that Bitcoin is about to make a move as the king crypto approaches the apex of a triangle.

At the moment of writing this article, BTC is trading in the green and the coin is priced at $10,883.49.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Trending news

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

5

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

2495 Articles

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.90

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Trending news