Ever since the halving event that took place back in May, there have been a lot of optimistic predictions about the price of BTC.
But the king coin did not make any significant moves in price since then; on the other hand, the price has been consolidating above $9,000 for about two months now.
At the moment of writing this article, BTC is trading in the green, and the coin is priced at $9,234.61.
Hash Ribbon indicator went off
It’s been revealed that the Hash Ribbon indicator went off, and this is showing the start of a great bull run for the price of Bitcoin according to a market analyst.
The online publication Cointelegraph notes that the digital asset investment firm executive Charles Edwards, a “Hash Ribbon” buy signal has just gone off.
“The daily candle close of Bitcoin’s (BTC) price on July 13 above $9,250 confirmed it,” he said.
The same online publication that we mentioned above wrote that “The last time the Hash Ribbon indicator emerged was on April 25, when the price of Bitcoin hit $7,500.”
Since back then, the king coin surged to as high as $10,440, and it recorded a 39% rally at its peak in June.”
Edwards said the following:
“Bitcoin Hash Ribbons ‘Buy’ signal just confirmed. The post-Halving signal is particularly special. It will probably be a very long time until the next occurs. …and so the great bull run begins.”
We recommend that you check out the original article in order to learn more details.
Other than this, in a new episode of What Bitcoin Did podcast, Nic Carter, Tuur Demeester, Robert Breedlove, and Alex Leishman said that a widespread economic shift is brewing around the world, and this will ultimately benefit BTC.
All kinds of bullish predictions are popping up in the crypto space these days. Stay tuned for more.